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Bubbles and Experience: An Experiment Author info | Abstract | Publisher info | Download info | Related research | Statistics Martin Dufwenberg
Tobias Lindqvist
Evan Moore
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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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Article provided by American Economic Association in its journal American Economic Review .
Volume (Year): 95 (2005)
Issue (Month): 5 (December)
Pages: 1731-1737
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Handle: RePEc:aea:aecrev:v:95:y:2005:i:5:p:1731-1737Contact details of provider: Email: Web page: http://www.aeaweb.org/aer/ More information through EDIRC
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Keywords: References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
Robert Slonim, 2005.
"Competing Against Experienced and Inexperienced Players ,"
Experimental Economics ,
Springer, vol. 8(1), pages 55-75, April.
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Ernan Haruvy & Charles N. Noussair, 2006.
"The Effect of Short Selling on Bubbles and Crashes in Experimental Spot Asset Markets ,"
Journal of Finance ,
American Finance Association, vol. 61(3), pages 1119-1157, 06.
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Vernon L. Smith, 1962.
"An Experimental Study of Competitive Market Behavior ,"
Journal of Political Economy ,
University of Chicago Press, vol. 70, pages 322.
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Other versions: Porter, David P & Smith, Vernon L, 1995.
"Futures Contracting and Dividend Uncertainty in Experimental Asset Markets ,"
Journal of Business ,
University of Chicago Press, vol. 68(4), pages 509-41, October.
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Van Boening, Mark V. & Williams, Arlington W. & LaMaster, Shawn, 1993.
"Price bubbles and crashes in experimental call markets ,"
Economics Letters ,
Elsevier, vol. 41(2), pages 179-185.
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Peterson, Steven P., 1993.
"Forecasting dynamics and convergence to market fundamentals : Evidence from experimental asset markets ,"
Journal of Economic Behavior & Organization ,
Elsevier, vol. 22(3), pages 269-284, December.
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Lei, Vivian & Noussair, Charles N & Plott, Charles R, 2001.
"Nonspeculative Bubbles in Experimental Asset Markets: Lack of Common Knowledge of Rationality vs. Actual Irrationality ,"
Econometrica ,
Econometric Society, vol. 69(4), pages 831-59, July.
Other versions: Smith, Vernon L & Suchanek, Gerry L & Williams, Arlington W, 1988.
"Bubbles, Crashes, and Endogenous Expectations in Experimental Spot Asset Markets ,"
Econometrica ,
Econometric Society, vol. 56(5), pages 1119-51, September.
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Charles Noussair & Steven Tucker, 2006.
"FUTURES MARKETS AND BUBBLE FORMATION IN EXPERIMENTAL ASSET MARKETS * ,"
Pacific Economic Review ,
Blackwell Publishing, vol. 11(2), pages 167-184, 06.
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Gadi Barlevy, 2007.
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Discussion Papers
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Other versions: Noussair, C.N. & Powell, O.R., 2008.
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Working Papers in Economics
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Jörg Oechssler & Carsten Schmidt & Wendelin Schnedler, 2007.
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Other versions: Corgnet Bruce & Angela Sutan & Arvin Aashta, 2006.
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