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Recall Searching with and without Recall
Di Cagno, Daniela; Neugebauer, Tibor; … - Departament d'Economia, Universitat Jaume I - 2014
We revisit the sequential search problem by Hey (1987). In a 2x2 factorial design, varying fixed and random cost treatments with and without recall, we address open research questions that were originally stated by Hey (1987). Our results provide clear evidence for Hey’s (1987) conjecture that...
Persistent link: https://www.econbiz.de/10010908220
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Recall Searching with and without Recall
Neugebauer, Tibor; Cagno, Daniela Di; … - Luxembourg School of Finance, Faculté de droit, … - 2014
We revisit the sequential search problem by Hey (1987). In a 2x2 factorial design, varying fixed and random cost treatments with and without recall, we address open research questions that were originally stated by Hey (1987). Our results provide clear evidence for Hey’s (1987) conjecture that...
Persistent link: https://www.econbiz.de/10010940818
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A leverage-based model of speculative bubbles
Barlevy, Gadi - In: Journal of Economic Theory 153 (2014) C, pp. 459-505
This paper develops a model of credit-driven bubbles and asks when it gives rise to the patterns that policymakers … consistent with observations on credit terms during historical episodes often suspected to be bubbles. …
Persistent link: https://www.econbiz.de/10010930797
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Thar she blows again: Reducing anchoring rekindles bubbles
Baghestanian, Sascha; Walker, Todd B. - Research Center SAFE (Sustainable Architecture for … - 2014
We investigate the relationship between anchoring and the emergence of bubbles in experimental asset markets. We show … significantly reduce bubbles in laboratory asset markets. If no FV-anchor is set, bubble-crash patterns emerge. Our results indicate … that bubbles in laboratory environments are primarily sparked in the first period. If prices are initiated around the FV …
Persistent link: https://www.econbiz.de/10010955133
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Asset Price Bubbles and Crashes With Zero--Intelligence Traders
Duffy, John; Unver, M. Utku - Society for Computational Economics - SCE - 2002
Persistent link: https://www.econbiz.de/10005345412
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Asset-holdings caps and bubbles in experimental asset markets
Lugovskyy, Volodymyr; Puzzello, Daniela; Tucker, Steven; … - In: Journal of Economic Behavior & Organization 107 (2014) PB, pp. 781-797
We report the results of an experiment designed to study the effect of individual asset-holdings restrictions on the … formation of bubbles and crashes in laboratory asset markets. Bubbles and crashes are a quite robust phenomenon in experimental … and short-term caps on individual asset holdings. We find that permanent caps greatly reduce positive bubbles, but tend to …
Persistent link: https://www.econbiz.de/10011116900
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Cash Inflows and Bubbles in Asset Markets with Constant Fundamental Values
Noussair, Charles; Tucker, Steven - Department of Economics, Waikato Management School - 2014
trajectory. We report a new experiment in which we replicate their findings for the specific cash levels they use. However, a new …, overpricing and market bubbles are observed, indicating that greater cash levels are indeed associated with higher prices, even …
Persistent link: https://www.econbiz.de/10010897134
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Can Concentration Control Policies Eliminate Bubbles?
Lugovskyy, Volodymyr; Puzzello, Daniela; Tucker, Steven; … - Department of Economics, Waikato Management School - 2012
We report the results of an experiment designed to study the effect of asset-holdings caps on the formation of bubbles … and crashes in laboratory asset markets. Bubbles and crashes are a quite robust phenomenon in experimental settings … short-term caps on individual asset holdings. We find that permanent caps greatly reduce positive bubbles, but tend to …
Persistent link: https://www.econbiz.de/10010691968
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A válság mint negatív információ és bizonytalansági tényező. A válság hatása az egy részvényre jutó nyereség-előrejelzésekre
Jáki, Erika - In: Közgazdasági Szemle (Economic Review - monthly of the … LX (2013) 12, pp. 1357-1369
A szerző a 2008-ban kezdődött gazdasági világválság hatását vizsgálja az egy részvényre jutó nyereség előrejelzésének hibájára. Számos publikáció bizonyította, hogy az elemzők a tényértékeknél szisztematikusan kedvezőbb tervértéket adnak meg az egy részvényre...
Persistent link: https://www.econbiz.de/10010963077
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Market dynamics and agents behaviors: a computational approach
Derveeuw, Julien - Volkswirtschaftliche Fakultät, … - 2005
as well as perturbed ones (bubbles and kraches). …
Persistent link: https://www.econbiz.de/10005622019