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We study the role of experience in the formation of asset price bubbles. Therefore, we conduct two related experiments. One is a call market experiment in which participants trade assets with each other. The other is a learning-to-forecast experiment in which participants only forecast future...
Persistent link: https://www.econbiz.de/10012114744
We study the role of experience in the formation of asset price bubbles. Therefore, we conduct a call market experiment in which participants trade assets with each other and a learning-to-forecast experiment in which participants only forecast future prices (while trade based on these forecasts...
Persistent link: https://www.econbiz.de/10012850853
We study the role of experience in the formation of asset price bubbles. Therefore, we conduct a call market experiment in which participants trade assets with each other and a learning-to-forecast experiment in which participants only forecast future prices (while trade based on these forecasts...
Persistent link: https://www.econbiz.de/10012850865
Persistent link: https://www.econbiz.de/10012621503
By now there are hundreds of scientific articles on experimental asset markets. Almost all of these experiments use a short and definite horizon. This may be one of the starkest differences to financial asset markets outside the laboratory, which usually have indefinite and comparatively long...
Persistent link: https://www.econbiz.de/10012609733
By now there are hundreds of scientific articles on experimental asset markets. Almost all of these experiments use a short and definite horizon. This may be one of the starkest differences to financial asset markets outside the laboratory, which usually have indefinite and comparatively long...
Persistent link: https://www.econbiz.de/10013192083
Persistent link: https://www.econbiz.de/10011946644
We study the role of experience in the formation of asset price bubbles. Therefore, we conduct two related experiments. One is a call market experiment in which participants trade assets with each other. The other is a learning-to-forecast experiment in which participants only forecast future...
Persistent link: https://www.econbiz.de/10011932581
It is often believed that markets with more experienced investors exhibit fewer bubbles. The same is believed of markets where investors have additional information about fundamentals. We provide evidence that both is not necessarily true. In contrast, bubbles may rise faster in markets with...
Persistent link: https://www.econbiz.de/10013297235