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Persistent link: https://www.econbiz.de/10012050909
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. One is a call market experiment in which participants trade assets with each other. The other is a learning …-to-forecast experiment in which participants only forecast future prices, while the trade, which is based on these forecasts, is computerized …. Each experiment comprises three treatments that vary the amount of information about the fundamental value that …
Persistent link: https://www.econbiz.de/10011932581
default swaps in a bond market subject to default risk. We further use the laboratory as a testbed to analyze CDS regulation …. Our results show that the regulation achieves the goal of increasing the use of CDS for hedging purposes while reducing …Credit default swaps (CDS) played an important role in the financial crisis of 2008. While CDS can be used to hedge …
Persistent link: https://www.econbiz.de/10012868723
default swaps in a bond market subject to default risk. We further use the laboratory as a testbed to analyze CDS regulation …. Our results show that the regulation achieves the goal of increasing the use of CDS for hedging purposes while reducing …Credit default swaps (CDS) played an important role in the financial crisis of 2008. While CDS can be used to hedge …
Persistent link: https://www.econbiz.de/10012114792
. One is a call market experiment in which participants trade assets with each other. The other is a learning …-to-forecast experiment in which participants only forecast future prices, while the trade, which is based on these forecasts, is computerized …. Each experiment comprises three treatments that vary the amount of information about the fundamental value that …
Persistent link: https://www.econbiz.de/10012114744
experiment in which we vary the length of the horizon and whether the end time is definite or indefinite. We find recurring …
Persistent link: https://www.econbiz.de/10012609733
experiment, in which we vary the length of the horizon and whether the end time is definite or indefinite. We find very similar …
Persistent link: https://www.econbiz.de/10013192083
We experimentally investigate how price expectations are formed in a large asset market where subjects' only task is to forecast the future price of a risky asset. The realized prices depend on these expectations. We observe small (6 participants) and large markets (about 100 participants). In...
Persistent link: https://www.econbiz.de/10011979625
We investigate the effect of introducing information about peer portfolios in an experimental Arrow-Debreu economy. Confirming the prediction of a general equilibrium model with inequality averse preferences, we find that peer information leads to reduced variation in payoffs within peer groups....
Persistent link: https://www.econbiz.de/10012023982