significantly reduce bubbles in laboratory asset markets. If no FV-anchor is set, bubble-crash patterns emerge. Our results indicate …We investigate the relationship between anchoring and the emergence of bubbles in experimental asset markets. We show … that bubbles in laboratory environments are primarily sparked in the first period. If prices are initiated around the FV …

market set-up that accounts for fundamental uncertainty. Nonetheless, the market is designed so that its total value is known … yielding pronounced mispricing, which however does not show the standard “bubble-and-crash”. The set-up is implemented within …

market set -up that accounts for fundamental uncertainty. Nonetheless, the market is designed so that its total value is … yielding pronounced mispricing, which however do not show the standard "bubble -and -crash". The set -up is implemented within …

significantly reduce bubbles in laboratory asset markets. If no FV-anchor is set, bubble-crash patterns emerge. Our results indicate …We investigate the relationship between anchoring and the emergence of bubbles in experimental asset markets. We show … that bubbles in laboratory environments are primarily sparked in the first period. If prices are initiated around the FV …

homogeneous across all agents. Such markets have been shown to be prone to substantial mispricing, usually in the form of a bubble …

". 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 …

A vast literature investigating behavioural underpinnings of financial bubbles and crashes relies on laboratory … trading rounds each lasting six full days to a laboratory experiment lasting two hours. The laboratory experiment replicates …

contribute to our understanding of these issues by postulating a model of income uncertainty within a hyperbolic discounting … further extend the analysis with uncertainty about future incomes. Specifically, individuals live for three periods, and the … add biases and uncertainty to characterize their implications and measure the costs of the intertemporal inconsistencies …

experiment in which we vary the length of the horizon and whether the end time is definite or indefinite. We find recurring … bubbles and similar price dynamics in all treatments (with moderately lower prices in the treatments with a long horizon) …

experiment, in which we vary the length of the horizon and whether the end time is definite or indefinite. We find very similar … price dynamics with recurring bubbles in all treatments …