particular the occurrence of bubble-crash pricing patterns. In each session, six subjects trade in three successive market rounds …

To explore why bubbles frequently emerge in the experimental asset market model of Smith, Suchanek and Williams (1988 …

Bubbles in asset markets have been documented in numerous experimental studies. However, all experiments in which … bubbles occur pay dividends after each trading day. In this paper we study whether bubbles can occur in markets without … may have inside information, and (2) the option to communicate with other traders. We find that bubbles can indeed occur …

regime where prices are close to fundamentals and another regime with a positive bubble. The size and the length of this … bubble increases for low market liquidity and high switching speed of investors. The market volatility increases for strong … reswitching activities and short-term thinking of bounded rational investors. Negative bubbles (market prices lower than …

portfolio diversification tool and explores the correlations between the continuously compounded returns on Bitcoin, Ethereum …

This study examines the predictability of three major cryptocurrencies-bitcoin, ethereum, and litecoin-and the … ensemble assuming that five models produce identical signals (Ensemble 5) achieves the best performance for ethereum and …

points to identify both bull and bear phases in high-frequency markets for the three largest cryptocurrencies of Bitcoin …, Ethereum, and Litecoin. We also examine the market efficiency and liquidity of the selected cryptocurrencies during these … two market states. Moving from a bull to a bear market, Ethereum and Litecoin appear to become more illiquid, as opposed …