implicit features of the SSW market model contribute to bubble formation. -- experimental economics ; asset market ; bubble …

We investigate the impact of trader and cash inflow on bubble formation in asset markets with a novel design featuring … traders and cash triggers bubbles ("inflow-effect"). (ii) In treatments with trader and cash inflow only in the first half of … bubbles in almost all of the 24 markets with trader inflow. The analysis of traders' beliefs reveals that (iii) despite …

implicit features of the SSW market model contribute to bubble formation. …

We investigate the effect of gender on the price deviation (bubble) from the fundamental value in a learning …

This experiment compares the price dynamics and bubble formation in an asset market with a price adjustment rule in …, recurring bubbles arise, where the price is 3 times larger than the fundamental value, which were not seen in former experiments. …

". We observe both stable markets and large bubbles for both small and large markets. The data analysis shows no differences … successfully drives prices back towards the fundamental, but we observe very large bubbles in which the news apparently has no …

is as great as when training is absent. -- asset market experiment ; price bubbles ; common knowledge of rationality …

Asset market bubbles and crashes are a major source of economic instability and inefficiency. Sometimes ascribed to … efficiency, while incidental emotions can impair it. Signals in specific brain areas can be a trigger precipitating a bubble …