Hüsler, A.; Sornette, D.; Hommes, C.H. - In: Journal of Economic Behavior & Organization 92 (2013) C, pp. 304-316
We analyze a controlled price formation experiment in the laboratory that shows evidence for bubbles. We calibrate two models that demonstrate with high statistical significance that these laboratory bubbles have a tendency to grow faster than exponential due to positive feedback. We show that...