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Confidence and decision-making in experimental asset markets

Aragón, Nicolás; Roulund, Rasmus Pank - In: Journal of economic behavior & organization : JEBO 178 (2020), pp. 688-718

Persistent link: https://www.econbiz.de/10012439149

Experience does not eliminate bubbles : experimental evidence

Kopányi-Peuker, Anita; Weber, Matthias - 2018

Persistent link: https://www.econbiz.de/10011946644

Experience does not eliminate bubbles : experimental evidence

Kopányi-Peuker, Anita; Weber, Matthias - 2018

We study the role of experience in the formation of asset price bubbles. Therefore, we conduct two related experiments … participants receive. Each market is repeated three times. In both experiments and in all treatments, we observe sizable bubbles …. These bubbles do not disappear with experience. Our findings in the call market experiment stand in contrast to the …

Persistent link: https://www.econbiz.de/10011932581

Coordination of expectations in asset pricing experiments

Hommes, Cars H.; Sonnemans, Joep; Tuinstra, Jan; … - 2003

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

Asset legitimacy in experimental asset markets

Paul, Debapriya Jojo; Henker, Julia; Owen, Sian - In: The journal of behavioral finance : a publication of … 16 (2015) 2, pp. 183-198

Persistent link: https://www.econbiz.de/10011333651

Multi-period experimental asset markets with distinct fundamental value regimes

Stöckl, Thomas; Huber, Jürgen; Kirchler, Michael - In: Experimental economics : a journal of the Economic … 18 (2015) 2, pp. 314-334

Persistent link: https://www.econbiz.de/10011530673

Asset price volatility and investment horizons : an experimental investigation

Anufriev, Mikhail; Chernulich, Aleksei; Tuinstra, Jan - In: Journal of economic behavior & organization : JEBO 193 (2022), pp. 19-48

Persistent link: https://www.econbiz.de/10013189883

The influence of investment experience on market prices : laboratory evidence

Huber, Jürgen; Kirchler, Michael; Stöckl, Thomas - In: Experimental economics : a journal of the Economic … 19 (2016) 2, pp. 394-411

Persistent link: https://www.econbiz.de/10011659590

A model of financial bubbles and drawdowns with non-local behavioral self-referencing

Malevergne, Yannick; Sornette, Didier; Wei, Ran - 2021

We propose a novel class of models in which the crash hazard rate is determined by a function of a non-local estimation of mispricing. Rooted in behavioral finance, the non-local estimation embodies in particular the characteristic of "anchoring" on past price levels and the "probability...

Persistent link: https://www.econbiz.de/10012800780

Does volatility matter? : expectations of price return and variability in an asset pricing experiment

Bottazzi, Giulio; Devetag, Giovanna; Pancotto, Francesca - 2009

We present results of an experiment on expectation formation in an asset market. Participants to our experiment must provide forecasts of the stock future return to computerized utility-maximizing investors, and are rewarded according to how well their forecasts perform in the market. In the...

Persistent link: https://www.econbiz.de/10008732426