A review of bubbles and crashes in experimental asset markets

S Palan - A Collection of Surveys on Market Experiments, 2013 - Wiley Online Library
A Review of Bubbles and Crashes in Experimental Asset Markets Page 1 10 A REVIEW OF
BUBBLES AND CRASHES IN EXPERIMENTAL ASSET MARKETS Stefan Palan Karl-Franzens …

Investors' personality influences investment decisions: Experimental evidence on extraversion and neuroticism

A Oehler, S Wendt, F Wedlich… - Journal of Behavioral …, 2018 - Taylor & Francis
The authors analyze the impact of individuals' degree of extraversion and neuroticism on
their decision making in an experimental asset market. To establish this link between …

Ethnic diversity deflates price bubbles

SS Levine, EP Apfelbaum, M Bernard… - Proceedings of the …, 2014 - pnas.org
Markets are central to modern society, so their failures can be devastating. Here, we
examine a prominent failure: price bubbles. Bubbles emerge when traders err collectively in …

How noise trading affects markets: An experimental analysis

R Bloomfield, M O'hara, G Saar - The Review of Financial …, 2009 - academic.oup.com
We use a laboratory market to investigate the behavior of traders who lack informational
advantages and have no exogenous reason to trade. We find that these uninformed traders …

Thar she bursts: Reducing confusion reduces bubbles

M Kirchler, J Huber, T Stöckl - American Economic Review, 2012 - aeaweb.org
To explore why bubbles frequently emerge in the experimental asset market model of Smith,
Suchanek, and Williams (1988), we vary the fundamental value process (constant or …

Towards a typology of housing price bubbles: A literature review

J Brzezicka - Housing, Theory and Society, 2021 - Taylor & Francis
The article presents a detailed review of the literature relating to speculative price bubbles
on the real estate market, in particular the typology of speculative price bubbles. The aim of …

Bubbles and financial professionals

U Weitzel, C Huber, J Huber, M Kirchler… - The Review of …, 2020 - academic.oup.com
The efficiency of financial markets and their potential to produce bubbles are central topics
in academic and professional debates. Yet, little is known about the contribution of financial …

Thar she blows: Can bubbles be rekindled with experienced subjects?

RN Hussam, D Porter, VL Smith - American Economic Review, 2008 - aeaweb.org
We report 28 new experiment sessions consisting of up to three experience levels to
examine the robustness of learning and “error” elimination among participants in a …

The effectiveness of Keynes–Tobin transaction taxes when heterogeneous agents can trade in different markets: a behavioral finance approach

FH Westerhoff, R Dieci - Journal of Economic Dynamics and Control, 2006 - Elsevier
We develop a model in which boundedly rational agents apply technical and fundamental
analysis to identify trading signals in two different speculative markets. Whether an agent …

Bubbling with excitement: An experiment

EB Andrade, T Odean, S Lin - Review of Finance, 2016 - academic.oup.com
Anecdotal and indirect empirical evidence suggest that excitement and market bubbles are
intertwined, such that excitement not only arises during bubbles but may also help fuel them …