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and crashes as market regimes with correlated negative jumps clustering over a finite period of time, our model provides a … series because they assume that crashes occur in a single large negative jump, which is counterfactual. The model estimation …
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. Based on a randomized survey experiment, we investigate the role of over-optimism when evaluating the potential impact of …
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We experimentally investigate how price expectations are formed in a large asset market where subjects' only task is to … forecast the future price of a risky asset. The realized prices depend on these expectations. We observe small (6 participants …
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Eye tracking can facilitate understanding irrational decision-making in contexts such as financial risk-taking. For this purpose, we develop an experimental framework in which participants trade a risky asset in a simulated bubble market to maximize individual returns while their eye movements...
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