Noussair, Charles; Robin, Stephane; Ruffieux, Bernard - In: Experimental Economics 4 (2001) 1, pp. 87-105
We construct asset markets that are similar to those studied by Smith, Suchanek and Williams (Econometrica. 56, 1119–1151) in which bubbles and crashes tended to occur. The main difference between the markets studied here and those studied by Smith et al. is that in the markets studied...