Showing 1 - 10 of 39,092
Persistent link: https://www.econbiz.de/10009231514
This paper studies the impact of the confirmatory bias on financial markets. Building on Rabin and Schrag (1999), we … the state of the world. The confirmatory bias provides a unified rationale for several existing stylized facts including … bias is at work in financial markets …
Persistent link: https://www.econbiz.de/10012983169
Persistent link: https://www.econbiz.de/10012215231
Persistent link: https://www.econbiz.de/10010505888
This paper sets up an experimental asset market in the laboratory to investigate the effects of ambiguity on price formation and trading behavior in financial markets. The obtained trading data is used to analyze the effect of ambiguity on various market outcomes (the price level, volatility,...
Persistent link: https://www.econbiz.de/10012663127
Persistent link: https://www.econbiz.de/10003852439
Persistent link: https://www.econbiz.de/10009011379
Persistent link: https://www.econbiz.de/10011374504
Persistent link: https://www.econbiz.de/10011342177
Persistent link: https://www.econbiz.de/10009696669