Akiyama, Eizo; Hanaki, Nobuyuki; Ishikawa, Ryuichiro - In: Journal of Economic Dynamics and Control 45 (2014) C, pp. 1-18
We conducted asset market experiments where one experienced subject interacts with five inexperienced subjects to investigate how experienced subjects change their price forecasts and trading behavior when faced with strategic uncertainty caused by inflows of inexperienced subjects. Only half...