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experiment that regularly produces valuation bubble and crash events. Global sessions involved real time trades between subjects …
Persistent link: https://www.econbiz.de/10011731909
bubble. The results of the experiment suggest that the company's attempt to exchange its shares for government debt was the …
Persistent link: https://www.econbiz.de/10010359796
Bubbles in asset markets have been documented in numerous experimental studies. However, all experiments in which …
Persistent link: https://www.econbiz.de/10003592714
laboratory experiments with human subjects are also discussed. …
Persistent link: https://www.econbiz.de/10011376458
The empirical performance of macroeconomic exchange rate models is more than disappointing. This dismal result is also reflected in the forecasting capabilities of professional analysts: all in all, analysts are not in a position to beat native random walk forecasts. The root for this deficient...
Persistent link: https://www.econbiz.de/10010498976
We investigate expectation formation in a controlled experimental en-vironment. Subjects are asked to predict the price in a standard asset pricingmodel. They do not have knowledge of the underlying market equilibrium equa-tions, but they know all past realized prices and their own predictions....
Persistent link: https://www.econbiz.de/10011333274
In real world financial markets, dividend processes as well as fundamental values are governed by imprecision; neither the objective probabilities of returns nor the actual amounts of possible returns are known for certain. With a novel experimental approach, we analyze the impact of risk,...
Persistent link: https://www.econbiz.de/10012008802
evidence from dozens of laboratory experiments that investigate the measurement and manipulation of an array of psychological …
Persistent link: https://www.econbiz.de/10011870688
the phenomenon that investors are reluctant to realize losses, whereas winners are sold too early. Our experiments compare …
Persistent link: https://www.econbiz.de/10011325703
economists to a rigorous study of expectation formation in the laboratory. In this work we describe a laboratory experiment on … experiments on expectation formation in a controlled laboratory environment by Cars Hommes, Joep Sonnemans, Ian Tuinstra and Henk … increase in their wealth level. With respect to previous experiments that did not include an explicit evaluation of risk by …
Persistent link: https://www.econbiz.de/10002133504