experiment that regularly produces valuation bubble and crash events. Global sessions involved real time trades between subjects … asset market bubbles occur in all sessions, but global markets had significantly more extreme and longer duration valuation … bubbles. Additionally, subjects at the most suboptimal times-of-day held significantly more asset shares in their portfolios …

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

". We observe both stable markets and large bubbles for both small and large markets. The data analysis shows no differences … successfully drives prices back towards the fundamental, but we observe very large bubbles in which the news apparently has no …

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 …

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

We study the emergence of bubbles in a laboratory experiment with large groups of individuals. The realized price is … findings are: (i) large asset bubbles occur in large groups, (ii) information contagion through news affects behaviour and may … and crashes, and (iv) bubbles are strongly amplified by coordination on trend-extrapolation …

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 …

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 …