We examine whether a simple agent-based model can generate asset price bubbles and crashes of the type observed in a … constrained, artificial agents are placed in the various laboratory market environments that have given rise to price bubbles. We … several different laboratory studies, generates asset price bubbles and crashes comparable to those observed in laboratory …

The two key questions which motivate our work are: do bubbles exist (in the sense that stock market prices do not … always correspond to the present value of expected future profitability) and, if bubbles exist, do they have an effect on …

The two key questions which motivate our work are: do bubbles exist (in the sense that stock market prices do not … always correspond to the present value of expected future profitability) and, if bubbles exist, do they have an effect on …

as well as perturbed ones (bubbles and kraches). …