IDEAS home Printed from https://ideas.repec.org/h/spr/lnechp/978-3-642-02147-3_4.html
   My bibliography  Save this book chapter

Results

In: Bubbles and Crashes in Experimental Asset Markets

Author

Listed:
  • Stefan Palan

    (Karl-Franzens-University Graz)

Abstract

The discussion of the results will start with summary statistics in Sect. 4.1.1. To put these results into perspective, the following section lists a number of definitions for bubble measures found in the literature, as well as some that were created specifically for this study. It then reports more than 600 measure results from 22 studies from the literature and from the present experiment in Tables 7 through 11 (Sect. 4.1.2.1 through 4.1.2.5). The bubble measure results for the experiment of this book are new and reported here for the first time.1 In addition to these analytical measures, every subject answered a questionnaire at the end of each 15-period round. A translation of the questions, some summary statistics of subjects’ responses, and a discussion of the most prominent findings is given in Sect. 4.1.3. Apart from the central research question of this book – namely what effect a digital option market has on spot market efficiency – the observations made during this research project sparked the formulation of a new hypothesis regarding subjects’ expectation formation mechanism in this type of asset market, as well as the discovery of some interesting behavioral patterns. These will be discussed in Sect. 4.2 below.

Suggested Citation

  • Stefan Palan, 2009. "Results," Lecture Notes in Economics and Mathematical Systems, in: Bubbles and Crashes in Experimental Asset Markets, chapter 0, pages 87-136, Springer.
    • Handle: RePEc:spr:lnechp:978-3-642-02147-3_4
    DOI: 10.1007/978-3-642-02147-3_4
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:lnechp:978-3-642-02147-3_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.