Showing 1 - 10 of 52,709
Persistent link: https://www.econbiz.de/10012030198
Mispricing (the difference between prices and their underlying fundamental values) is an important characteristic of markets. The literature on the topic consists of many different measures. This state of affairs is unsatisfactory, since it is not clear to which extent results are sensitive to...
Persistent link: https://www.econbiz.de/10013032538
Persistent link: https://www.econbiz.de/10012501301
Persistent link: https://www.econbiz.de/10011567810
Persistent link: https://www.econbiz.de/10011572002
Persistent link: https://www.econbiz.de/10011643028
We investigate the relationship between anchoring and the emergence of bubbles in experimental asset markets. We show … significantly reduce bubbles in laboratory asset markets. If no FV-anchor is set, bubble-crash patterns emerge. Our results indicate … that bubbles in laboratory environments are primarily sparked in the first period. If prices are initiated around the FV …
Persistent link: https://www.econbiz.de/10012061107
Persistent link: https://www.econbiz.de/10013453752
Persistent link: https://www.econbiz.de/10014472084
Persistent link: https://www.econbiz.de/10015071710