We conduct an experiment in which we elicit subjects’ beliefs over opponents’ behavior multiple times for a given game …

models in laboratory experiments and show that ambiguity seeking agents may prevent the existence of market equilibrium. Our …

experiment that regularly produces valuation bubble and crash events. Global sessions involved real time trades between subjects …

bubble. The results of the experiment suggest that the company's attempt to exchange its shares for government debt was the …

Bubbles in asset markets have been documented in numerous experimental studies. However, all experiments in which …

economists to a rigorous study of expectation formation in the laboratory. In this work we describe a laboratory experiment on … experiments on expectation formation in a controlled laboratory environment by Cars Hommes, Joep Sonnemans, Ian Tuinstra and Henk … increase in their wealth level. With respect to previous experiments that did not include an explicit evaluation of risk by …