bubbles in classical asset market experiments. Our setup is more realistic as it offers multiple securities that are … its rationality can be evaluated. Quick consensus emerges early yielding pronounced market bubbles. The overpricing …

price dynamics with recurring bubbles in all treatments …

fundamental cause of the unfolding financial and economic crisis: the accumulation of several bubbles and their interplay and …

Abreu and Brunnermeier (2003) have argued that bubbles are not suppressed by arbitrageurs because they fail to … with the alternative according to which bubbles persist due to the difficulty of agreeing on the end of bubbles. We present …. We find overwhelming evidence that the beginning of bubbles is much better constrained that their end. Our results are …

crash hazard rate in the Johansen-Ledoit-Sornette model of rational expectation bubbles. The model is based on a percolation …-exponential bubbles interrupted by crashes …

-Periodic Power Law Singularity (LPPLS) model of financial bubbles. This model is particularly relevant because one of its parameters … synthetic price time series and on three well-known historical financial bubbles …

Financial bubbles are subject to debate and controversy. However, they are not well understood and are hardly ever … specific traces, bubbles may be recognised in advance: that is, before they burst. In this paper, we will explain the mechanism … behind financial bubbles in an intuitive way. We will show how the log-periodic power law emerges spontaneously from the …

result has been a succession of bubbles and crashes, including the worldwide stock market bubble and great crash of 19 … market bubbles and its ensuing “lost decades”, the emerging markets bubbles and crashes in 1994 and 1997, the LTCM crisis of … 1998, the dotcom bubble bursting in 2000, the recent house price bubbles, the financialization bubble via special …