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 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 …

experiment that regularly produces valuation bubble and crash events. Global sessions involved real time trades between subjects … asset market bubbles occur in all sessions, but global markets had significantly more extreme and longer duration valuation … bubbles. Additionally, subjects at the most suboptimal times-of-day held significantly more asset shares in their portfolios …

We study the effect of ambiguity on the formation of bubbles and on the occurrence of crashes in experimental asset … is risky although bubbles form in both the ambiguous and the risky environments. Additionally, bubbles do not crash in …

Asset market bubbles and crashes are a major source of economic instability and inefficiency. Sometimes ascribed to …

The efficiency of financial markets and their potential to produce bubbles are central topics in academic and … with bubble-drivers-capital inflows or high initial capital supply-are susceptible to bubbles, but they are significantly …

The efficiency of financial markets and their potential to produce bubbles are central topics in academic and … with bubble-drivers - capital inflows or high initial capital supply - are susceptible to bubbles, but they are …

Major bubble episodes are rare events. In this paper, we examine what factors might cause some asset price bubbles to … bubble. The results of the experiment suggest that the company's attempt to exchange its shares for government debt was the …