markets are prone to bubbles and crashes in experimental settings. Numerous authors employing the SSW framework have …, constant or increasing fundamental values, bubbles and crashes are much less common, appearing when the asset price … significantly deviates from fundamental value at the onset of the experiment. These interpretations hold in presence or absence of …

Keynes for the 21st century (by Robert Skidelsky; pp. 8-13) Keywords Keynes, expectations, economic policy Countries covered …