In this study, the existence of multiple bubbles in 15 selected countries is researched by means of the GSADF unit root … existence of multiple bubbles was detected for all the countries examined. The results demonstrate that bubbles in stock markets …

In this paper we develop a well-established financial model to investigate whether bubbles were present in opinion … approach is theoretically elegant. Thus, where bubbles are found we suggest a suitable adjustment. We find evidence of bubbles …, bookmakers’ odds appear to show none of this bubble-like over-confidence. However, implied probabilities from bookmakers’ odds …

Bubbles have become ubiquitous. This ubiquity has stimulated research over the past three decades into bubbles in … history. In this article, we provide a systematic overview of research into historical bubbles. Our analysis reveals that … there is no coherent approach to the study of bubbles and much of the debate has unhelpfully focussed on the rationality …