. These bubbles do not disappear with experience. Our findings in the call market experiment stand in contrast to the … literature. Our findings in the learning-to-forecast experiment are novel. Interestingly, the shape of the bubbles is different … between the two experiments. We observe flat bubbles in the call market experiment and boom-and-bust cycles in the learning …

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 …

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 …

reviews the theory and literature on market efficiency and market anomalies. We give a brief review on market efficiency and …. This review is useful to academics for developing cutting-edge treatments of financial theory that EMH, anomalies, and …