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Trading while sleepy? : circadian mismatch and excess volatility in a global experimental asset market

Dickinson, David L.; Chaudhuri, Ananish; … - 2017

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 …

Persistent link: https://www.econbiz.de/10011731909

A behavioral macroeconomic model with endogenous boom-bust cycles and leverage dynamcis

Scheffknecht, Lukas; Geiger, Felix - 2011

economy. We show that a systematic central bank reaction on financial market developments dampens macroeconomic volatility …-based financial market model ; leverage ; macroprudential regulation ; financial stability ; asset price bubbles ; systemic risk …

Persistent link: https://www.econbiz.de/10009384917

Speculation and Price Indeterminacy in Financial Markets : An Experimental Study

Hirota, Shinichi - 2020

To explore how speculative trading influences prices in ﬁnancial markets, we conduct a laboratory market experiment with speculating investors (who do not collect dividends and trade only for capital gains) and dividend-collecting investors. Moreover, we operate markets at two diﬀerent...

Persistent link: https://www.econbiz.de/10012836376

Collateralization and asset price bubbles when investors disagree about risk

Broer, Tobias; Kero, Afroditi - In: Journal of banking & finance 128 (2021), pp. 1-15

Persistent link: https://www.econbiz.de/10012821680

Speculation and Price Indeterminacy in Financial Markets : An Experimental Study

Hirota, Shinichi - 2018

To explore how speculative trading influences prices in ﬁnancial markets we conduct a laboratory market experiment with speculating investors (who do not collect dividends and trade only for capital gains) as well as dividend-collecting investors. We ﬁnd that in markets with only speculating...

Persistent link: https://www.econbiz.de/10012917776