. These bubbles do not disappear with experience. Our findings in the call market experiment stand in contrast to the … literature. Our findings in the learning-to-forecast experiment are novel. Interestingly, the shape of the bubbles is different … between the two experiments. We observe flat bubbles in the call market experiment and boom-and-bust cycles in the learning …

We study the role of experience in the formation of asset price bubbles. Therefore, we conduct a call market experiment …, we observe sizable bubbles that do not disappear with experience. Our findings in the call market experiment stand in … in which participants trade assets with each other and a learning-to-forecast experiment in which participants only …

experiment in which we vary the length of the horizon and whether the end time is definite or indefinite. We find recurring … bubbles and similar price dynamics in all treatments (with moderately lower prices in the treatments with a long horizon) …

experiment, in which we vary the length of the horizon and whether the end time is definite or indefinite. We find very similar … price dynamics with recurring bubbles in all treatments …

We study the emergence of bubbles in a laboratory experiment with large groups of individuals. The realized price is … findings are: (i) large asset bubbles occur in large groups, (ii) information contagion through news affects behaviour and may … and crashes, and (iv) bubbles are strongly amplified by coordination on trend-extrapolation …

-dependent fundamental values (BFVs) to all traders. We find that bubbles are a rare phenomenon in all of our treatments. Markets with …

) to all traders. We find that bubbles are a rare phenomenon in all our treatments. Markets with asymmetrically informed …

This experiment compares the price dynamics and bubble formation in an asset market with a price adjustment rule in …, recurring bubbles arise, where the price is 3 times larger than the fundamental value, which were not seen in former experiments. …

". We observe both stable markets and large bubbles for both small and large markets. The data analysis shows no differences … successfully drives prices back towards the fundamental, but we observe very large bubbles in which the news apparently has no …