The efficiency of financial markets and their potential to produce bubbles are central topics in academic and … with bubble-drivers-capital inflows or high initial capital supply-are susceptible to bubbles, but they are significantly …

) to all traders. We find that bubbles are a rare phenomenon in all our treatments. Markets with asymmetrically informed …

We study the effect of ambiguity on the formation of bubbles and on the occurrence of crashes in experimental asset … is risky although bubbles form in both the ambiguous and the risky environments. Additionally, bubbles do not crash in …

experiment. We find that individual trading gains and patterns are consistent with our theoretical predictions. Our results … of asset bubbles. Finally, our conceptual framework and the empirical screening method could be applied to explain …

Asset market bubbles and crashes are a major source of economic instability and inefficiency. Sometimes ascribed to …

We study the role of experience in the formation of asset price bubbles. Therefore, we conduct a call market experiment …, we observe sizable bubbles that do not disappear with experience. Our findings in the call market experiment stand in … in which participants trade assets with each other and a learning-to-forecast experiment in which participants only …

We study the role of experience in the formation of asset price bubbles. Therefore, we conduct a call market experiment …, we observe sizable bubbles that do not disappear with experience. Our findings in the call market experiment stand in … in which participants trade assets with each other and a learning-to-forecast experiment in which participants only …

It is often believed that markets with more experienced investors exhibit fewer bubbles. The same is believed of …. In contrast, bubbles may rise faster in markets with more experienced investors. This is in line with a model in which …