Bubbles and Experience: An Experiment

We investigate the occurrence of bubble-crash pricing patterns in laboratory financial markets with a mixture of experienced and inexperienced traders. We find that even with a minority of experienced traders, bubbles are substantially abated.

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Year of publication:	2005
Authors:	Dufwenberg, Martin ; Lindqvist, Tobias ; Moore, Evan
Published in:	American Economic Review. - American Economic Association - AEA. - Vol. 95.2005, 5, p. 1731-1737
Publisher:	American Economic Association - AEA

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Extent:	application/pdf application/zip
Type of publication:	Article
Notes:	DOI: 10.1257/000282805775014362
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005758928