Bubbles in asset markets have been documented in numerous experiments. Most experiments in which bubbles occur feature … information and communication among traders. We find that bubbles and mirages can occur if these additional ingredients are … present. In particular, the mere possibility that some traders are better informed than others can create bubbles …

-Fuller test reveals existence of periodically collapsing bubbles in S&P 500 data during the late 1990s. …

markets are prone to bubbles and crashes in experimental settings. Numerous authors employing the SSW framework have … incorporated features designed to reduce or eliminate the observed bubbles (e.g., circuit breakers, short selling, long …, constant or increasing fundamental values, bubbles and crashes are much less common, appearing when the asset price …