Does communication matter in experimental asset markets?
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Carlé, Tim A. & Lahav, Yaron & Neugebauer, Tibor & Noussair, Charles N., 2019. "Heterogeneity of Beliefs and Trade in Experimental Asset Markets," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 54(1), pages 215-245, February.
- Ben Greiner, 2015. "Subject pool recruitment procedures: organizing experiments with ORSEE," Journal of the Economic Science Association, Springer;Economic Science Association, vol. 1(1), pages 114-125, July.
- Oprea, Ryan & Charness, Gary & Friedman, Daniel, 2014.
"Continuous time and communication in a public-goods experiment,"
Journal of Economic Behavior & Organization, Elsevier, vol. 108(C), pages 212-223.
- Charness, Gary & Oprea, Ryan & Friedman, Dan, 2012. "Continuous Time and Communication in a Public-goods Experiment," Santa Cruz Department of Economics, Working Paper Series qt5404914p, Department of Economics, UC Santa Cruz.
- Charness, Gary & Oprea, Ryan & Friedman, Dan, 2012. "Continuous Time and Communication in a Public-goods Experiment," University of California at Santa Barbara, Economics Working Paper Series qt5404914p, Department of Economics, UC Santa Barbara.
- Charness, Gary & Grosskopf, Brit, 2004. "What makes cheap talk effective? Experimental evidence," Economics Letters, Elsevier, vol. 83(3), pages 383-389, June.
- Ernan Haruvy & Yaron Lahav & Charles N. Noussair, 2007. "Traders' Expectations in Asset Markets: Experimental Evidence," American Economic Review, American Economic Association, vol. 97(5), pages 1901-1920, December.
- Urs Fischbacher, 2007. "z-Tree: Zurich toolbox for ready-made economic experiments," Experimental Economics, Springer;Economic Science Association, vol. 10(2), pages 171-178, June.
- Sascha Fullbrunn & Tibor Neugebauer, 2009.
"Anonymity deters collusion in hard-close auctions: experimental evidence,"
New Zealand Economic Papers, Taylor & Francis Journals, vol. 43(2), pages 131-148.
- Tibor Neugebauer & Sascha Füllbrunn, 2008. "Anonymity deters collusion in hard-close auctions: Experimental Evidence," LSF Research Working Paper Series 08-09, Luxembourg School of Finance, University of Luxembourg.
- Philip Babcock & Kelly Bedard & Gary Charness & John Hartman & Heather Royer, 2015.
"Letting Down The Team? Social Effects Of Team Incentives,"
Journal of the European Economic Association, European Economic Association, vol. 13(5), pages 841-870, October.
- Babcock, Philip & Bedard, Kelly & Charness, Gary & Hartman, John & Royer, Heather, 2012. "Letting Down the Team? Social Effects of Team Incentives," University of California at Santa Barbara, Economics Working Paper Series qt93n646db, Department of Economics, UC Santa Barbara.
- Michael Kirchler & Jurgen Huber & Thomas Stockl, 2012.
"Thar She Bursts: Reducing Confusion Reduces Bubbles,"
American Economic Review, American Economic Association, vol. 102(2), pages 865-883, April.
- Michael Kirchler & Jürgen Huber & Thomas Stöckl, 2011. "Thar she bursts - Reducing confusion reduces bubbles," Working Papers 2011-08, Faculty of Economics and Statistics, Universität Innsbruck.
- R. Mark Isaac & Duncan James, 2000. "Asset Markets: How They Are Affected by Tournament Incentives for Individuals," American Economic Review, American Economic Association, vol. 90(4), pages 995-1004, September.
- Gary Charness & Francesco Feri & Miguel A. Meléndez-Jiménez & Matthias Sutter, 2023.
"An Experimental Study on the Effects of Communication, Credibility, and Clustering in Network Games,"
The Review of Economics and Statistics, MIT Press, vol. 105(6), pages 1530-1543, November.
- Gary Charness & Francesco Feri & Miguel A. Meléndez-Jiménez & Matthias Sutter, 2019. "An experimental study on the effects of communication, credibility, and clustering in network games," CESifo Working Paper Series 7659, CESifo.
- Charness, Gary & Feri, Francesco & Meléndez-Jiménez, Miguel A. & Sutter, Matthias, 2019. "An Experimental Study on the Effects of Communication, Credibility, and Clustering in Network Games," IZA Discussion Papers 12347, Institute of Labor Economics (IZA).
- Gary Charness & Francesco Feri & Miguel A. Meléndez-Jiménez & Matthias Sutter, 2019. "An Experimental Study on the Effects of Communication, Credibility, and Clustering in Network Games," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2019_08, Max Planck Institute for Research on Collective Goods.
- Charness, Gary & Dufwenberg, Martin, 2003.
"Promises & Partnership,"
Research Papers in Economics
2003:3, Stockholm University, Department of Economics.
- Charness, Gary B & Dufwenberg, Martin, 2006. "Promises & Partnership," University of California at Santa Barbara, Economics Working Paper Series qt0127h86v, Department of Economics, UC Santa Barbara.
- Plott, Charles R & Sunder, Shyam, 1988.
"Rational Expectations and the Aggregation of Diverse Information in Laboratory Security Markets,"
Econometrica, Econometric Society, vol. 56(5), pages 1085-1118, September.
- Plott, Charles R. & Sunder, Shyam., "undated". "Rational Expectations and the Aggregation of Diverse Information in Laboratory Security Markets," Working Papers 463, California Institute of Technology, Division of the Humanities and Social Sciences.
- Charness, Gary & Rabin, Matthew, 2005.
"Expressed preferences and behavior in experimental games,"
Games and Economic Behavior, Elsevier, vol. 53(2), pages 151-169, November.
- Charness, Gary B & Rabin, Matthew, 2004. "Expressed Preferences and Behavior in Experimental Games," University of California at Santa Barbara, Economics Working Paper Series qt153590pb, Department of Economics, UC Santa Barbara.
- Charness, Gary & Rabin, Matthew, 2004. "Expressed Preferences and Behavior in Experimental Games," Department of Economics, Working Paper Series qt37p1s4rs, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Gary Charness & Matthew Rabin, 2004. "Expressed Preferences and Behavior in Experimental Games," General Economics and Teaching 0407002, University Library of Munich, Germany.
- Charness, Gary & Du, Ninghua & Yang, Chun-Lei & Yao, Lan, 2013. "Promises in contract design," European Economic Review, Elsevier, vol. 64(C), pages 194-208.
- Charness, Gary, 2000. "Self-Serving Cheap Talk: A Test Of Aumann's Conjecture," Games and Economic Behavior, Elsevier, vol. 33(2), pages 177-194, November.
- Charness, Gary & Karni, Edi & Levin, Dan, 2010.
"On the conjunction fallacy in probability judgment: New experimental evidence regarding Linda,"
Games and Economic Behavior, Elsevier, vol. 68(2), pages 551-556, March.
- Edi Karni, 2009. "On the Conjunction Fallacy in Probability Judgment: New Experimental Evidence Regarding Linda," Economics Working Paper Archive 552, The Johns Hopkins University,Department of Economics.
- Gary Charness & Martin Dufwenberg, 2006.
"Promises and Partnership,"
Econometrica, Econometric Society, vol. 74(6), pages 1579-1601, November.
- Gary Charness & Martin Dufwenberg, 2004. "Promises and Partnership," Levine's Bibliography 122247000000000001, UCLA Department of Economics.
- Gary Charness & Edi Karni & Dan Levin, 2007.
"Individual and group decision making under risk: An experimental study of Bayesian updating and violations of first-order stochastic dominance,"
Journal of Risk and Uncertainty, Springer, vol. 35(2), pages 129-148, October.
- Charness, Gary B & Karni, Edi, 2007. "Individual and Group Decision Making Under Risk: An Experimental Study of Bayesian Updating and Violations of First-order Stochastic Dominance," University of California at Santa Barbara, Economics Working Paper Series qt4gr7j8z8, Department of Economics, UC Santa Barbara.
- 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 1119-1151, September.
- Charness, Gary & Dufwenberg, Martin, 2010. "Bare promises: An experiment," Economics Letters, Elsevier, vol. 107(2), pages 281-283, May.
- Manuel Ammann & Nic Schaub, 2021. "Do Individual Investors Trade on Investment-Related Internet Postings?," Management Science, INFORMS, vol. 67(9), pages 5679-5702, September.
- Jordi Brandts & Gary Charness, 2003. "Truth or Consequences: An Experiment," Management Science, INFORMS, vol. 49(1), pages 116-130, January.
- Hailiang Chen & Prabuddha De & Yu (Jeffrey) Hu & Byoung-Hyoun Hwang, 2014. "Wisdom of Crowds: The Value of Stock Opinions Transmitted Through Social Media," The Review of Financial Studies, Society for Financial Studies, vol. 27(5), pages 1367-1403.
- Oechssler, Jörg & Schmidt, Carsten & Schnedler, Wendelin, 2011. "On the ingredients for bubble formation: Informed traders and communication," Journal of Economic Dynamics and Control, Elsevier, vol. 35(11), pages 1831-1851.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Carol Luengo & Steven Tucker & Yilong Xu & Kun Zhang, 2025. "The Role of Communication in Asset Market Experiments," Working Papers in Economics 25/04, University of Waikato.
- Faralla, Valeria & Borà, Guido & Innocenti, Alessandro & Novarese, Marco, 2020.
"Promises in group decision making,"
Research in Economics, Elsevier, vol. 74(1), pages 1-11.
- Valeria Faralla & Guido Borà & Alessandro Innocenti & Marco Novarese, 2018. "Promises in Group Decision Making," Labsi Experimental Economics Laboratory University of Siena 051, University of Siena.
- Feltovich, Nick & Grossman, Philip J., 2015. "How does the effect of pre-play suggestions vary with group size? Experimental evidence from a threshold public-good game," European Economic Review, Elsevier, vol. 79(C), pages 263-280.
- Casoria, Fortuna & Riedl, Arno & Werner, Peter, 2020.
"Behavioral Aspects of Communication in Organizations,"
IZA Discussion Papers
13005, Institute of Labor Economics (IZA).
- Fortuna Casoria & Arno Riedl & Peter Werner, 2020. "Behavioral Aspects of Communication in Organizations," Post-Print halshs-03024050, HAL.
- Fortuna Casoria & Arno Riedl & Peter Werner, 2020. "Behavioral Aspects of Communication in Organizations," CESifo Working Paper Series 8140, CESifo.
- Casoria, Fortuna & Riedl, Arno & Werner, Peter, 2020. "Behavioral aspects of communication in organizations," Research Memorandum 010, Maastricht University, Graduate School of Business and Economics (GSBE).
- Gary Charness & David J. Cooper & Zachary Grossman, 2020.
"Silence is golden: team problem solving and communication costs,"
Experimental Economics, Springer;Economic Science Association, vol. 23(3), pages 668-693, September.
- Gary Charness & David Cooper & Zachary Grossman, 2015. "Silence is Golden: Team Problem Solving and Communication Costs," Working Papers wp2018_02_01, Department of Economics, Florida State University, revised Jan 2018.
- Chmura, Thorsten & Le, Hang & Nguyen, Kim, 2022. "Herding with leading traders: Evidence from a laboratory social trading platform," Journal of Economic Behavior & Organization, Elsevier, vol. 203(C), pages 93-106.
- Zakaria Babutsidze & Nobuyuki Hanaki & Adam Zylbersztejn, 2019.
"Digital Communication and Swift Trust,"
Post-Print
halshs-02409314, HAL.
- Zakaria Babutsidze & Nobuyuki Hanaki & Adam Zylbersztejn, 2019. "Digital Communication and Swift Trust," Working Papers halshs-02050514, HAL.
- Zakaria Babutsidze & Nobuyuki Hanaki & Adam Zylbersztejn, 2019. "Digital Communication and Swift Trust," Working Papers 1909, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
- Zakaria Babutsidze & Nobuyuki Hanaki & Adam Zylbersztejn, 2019. "Digital Communication and Swift Trust," SciencePo Working papers Main halshs-02050514, HAL.
- Zakaria Babutsidze & Nobuyuki Hanaki & Adam Zylbersztejn, 2019. "Digital Communication and Swift Trust," Post-Print halshs-02409309, HAL.
- Zakaria Babutsidze & Nobuyuki Hanaki & Adam Zylbersztejn, 2021.
"Nonverbal content and trust: An experiment on digital communication,"
Economic Inquiry, Western Economic Association International, vol. 59(4), pages 1517-1532, October.
- Zakaria Babutsidze & Nobuyuki Hanaki & Adam Zylbersztejn, 2021. "Nonverbal content and trust: An experiment on digital communication," SciencePo Working papers Main hal-03341971, HAL.
- Zakaria Babutsidze & Nobuyuki Hanaki & Adam Zylbersztejn, 2021. "Nonverbal content and trust: An experiment on digital communication," ISER Discussion Paper 1128, Institute of Social and Economic Research, The University of Osaka.
- Zakaria Babutsidze & Nobuyuki Hanaki & Adam Zylbersztejn, 2021. "Nonverbal content and trust: An experiment on digital communication," Post-Print halshs-03896292, HAL.
- Zakaria Babutsidze & Nobuyuki Hanaki & Adam Zylbersztejn, 2021. "Nonverbal content and trust: An experiment on digital communication," SciencePo Working papers Main halshs-03896292, HAL.
- Zakaria Babutsidze & Nobuyuki Hanaki & Adam Zylbersztejn, 2021. "Nonverbal content and trust: An experiment on digital communication," Post-Print hal-03341971, HAL.
- Fehr, Dietmar & Sutter, Matthias, 2019.
"Gossip and the efficiency of interactions,"
Games and Economic Behavior, Elsevier, vol. 113(C), pages 448-460.
- Dietmar Fehr & Matthias Sutter, 2016. "Gossip and the efficiency of interactions," Working Papers 2016-03, Faculty of Economics and Statistics, Universität Innsbruck.
- Matthias Sutter & Dietmar Fehr, 2016. "Gossip and the Efficiency of Interactions," Working Papers id:9907, eSocialSciences.
- Fehr, Dietmar & Sutter, Matthias, 2016. "Gossip and the Efficiency of Interactions," IZA Discussion Papers 9704, Institute of Labor Economics (IZA).
- Siyu Wang & Timothy Flannery, 2021. "Intention or Request: The Impact of Message Structures," Games, MDPI, vol. 12(1), pages 1-13, February.
- Lang, Matthias & Schudy, Simeon, 2023.
"(Dis)honesty and the value of transparency for campaign promises,"
European Economic Review, Elsevier, vol. 159(C).
- Matthias Lang & Simeon Schudy, 2020. "(Dis)honesty and the Value of Transparency for Campaign Promises," CESifo Working Paper Series 8366, CESifo.
- Matthias Lang & Simeon Schudy, 2023. "(Dis)honesty and the Value of Transparency for Campaign Promises," Rationality and Competition Discussion Paper Series 409, CRC TRR 190 Rationality and Competition.
- Razen, Michael & Huber, Jürgen & Kirchler, Michael, 2017. "Cash inflow and trading horizon in asset markets," European Economic Review, Elsevier, vol. 92(C), pages 359-384.
- Zakaria Babutsidze & Nobuyuki Hanaki & Adam Zylbersztejn, 2020.
"Nonverbal content and swift trust: An experiment on digital communication,"
Working Papers
2008, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
- Zakaria Babutsidze & Nobuyuki Hanaki & Adam Zylbersztejn, 2020. "Nonverbal content and swift trust: An experiment on digital communication," Working Papers halshs-02483343, HAL.
- Loukas Balafoutas & Simon Czermak & Marc Eulerich & Helena Fornwagner, 2020.
"Incentives For Dishonesty: An Experimental Study With Internal Auditors,"
Economic Inquiry, Western Economic Association International, vol. 58(2), pages 764-779, April.
- Loukas Balafoutas & Simon Czermak & Marc Eulerich & Helena Fornwagner, 2017. "Incentives for dishonesty: An experimental study with internal auditors," Working Papers 2017-06, Faculty of Economics and Statistics, Universität Innsbruck.
- Michael Razen & Jürgen Huber & Michael Kirchler, 2016. "Cash Inflow and Trading Horizon in Asset Markets," Working Papers 2016-06, Faculty of Economics and Statistics, Universität Innsbruck.
- Jacob-Leal, Sandrine & Hanaki, Nobuyuki, 2024. "Algorithmic trading, what if it is just an illusion? Evidence from experimental asset markets," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 112(C).
- Marquardt, Philipp & Noussair, Charles N & Weber, Martin, 2019. "Rational expectations in an experimental asset market with shocks to market trends," European Economic Review, Elsevier, vol. 114(C), pages 116-140.
- Sascha Füllbrunn & Tibor Neugebauer & Andreas Nicklisch, 2020.
"Underpricing of initial public offerings in experimental asset markets,"
Experimental Economics, Springer;Economic Science Association, vol. 23(4), pages 1002-1029, December.
- Füllbrunn, Sascha & Neugebauer, Tibor & Nicklisch, Andreas, 2014. "Underpricing of Initial Public Offerings in Experimental Asset Markets," WiSo-HH Working Paper Series 19, University of Hamburg, Faculty of Business, Economics and Social Sciences, WISO Research Laboratory.
- Charness, Gary & Cooper, David & Grossman, Zachary, 2015. "Silence is Golden: Communication Costs and Team Problem Solving," University of California at Santa Barbara, Economics Working Paper Series qt3n25b620, Department of Economics, UC Santa Barbara.
- Selten, Reinhard & Neugebauer, Tibor, 2019. "Experimental stock market dynamics: Excess bids, directional learning, and adaptive style-investing in a call-auction with multiple multi-period lived assets," Journal of Economic Behavior & Organization, Elsevier, vol. 157(C), pages 209-224.
More about this item
Keywords
experimental asset market; communication; textual analysis;All these keywords.
JEL classification:
- C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
NEP fields
This paper has been announced in the following NEP Reports:- NEP-EXP-2025-04-21 (Experimental Economics)
- NEP-FMK-2025-04-21 (Financial Markets)
- NEP-INV-2025-04-21 (Investment)
Statistics
Access and download statisticsCorrections
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:jau:wpaper:2025/03. 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.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: María Aurora Garcia Gallego (email available below). General contact details of provider: https://edirc.repec.org/data/ueujies.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.