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experiment that regularly produces valuation bubble and crash events. Global sessions involved real time trades between subjects …
Persistent link: https://www.econbiz.de/10011731909
, notably in the case of the world equity risk premium. Finally, long-run risks are detected in all asset portfolios including …
Persistent link: https://www.econbiz.de/10012486245
We report the results of an experiment designed to study the determinants of asset price movement and consumption …
Persistent link: https://www.econbiz.de/10012990999
We challenge the recent claim that mispricing in the experimental asset markets introduced by Smith, Suchanek, and Williams (1988) is merely an artefact of confusion over declining fundamental value, and can be eliminated through appropriate training. We instead propose that when training is...
Persistent link: https://www.econbiz.de/10013099096
To explore how speculative trading influences prices in financial markets we conduct a laboratory market experiment with …
Persistent link: https://www.econbiz.de/10012917776
To explore how speculative trading influences prices in financial markets, we conduct a laboratory market experiment …
Persistent link: https://www.econbiz.de/10012836376
The use of fundamentalist traders in the stock market models is problematic since fundamental values in the real world …
Persistent link: https://www.econbiz.de/10011723700
of linear autocorrelation, volatility clustering), trading volumes (volume clustering, correlation between volume and … volatility), and timing of trades (number of price changes, autocorrelation of durations between subsequent trades, heavy tail in …
Persistent link: https://www.econbiz.de/10011863031
against price volatility can generate price volatility in equilibrium, even absent fundamental risk. Fearing that asset prices …
Persistent link: https://www.econbiz.de/10012798791
market manipulation, the highest volatility and probability of market crashes, yet the highest liquidity. The so … detect spoofing market manipulation, lower volatility and probability of market crashes, but lower liquidity levels. Finally …
Persistent link: https://www.econbiz.de/10013079007