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.
American Economic Review
Bubbles and Experience: An Experiment
Tidskriftsartikel
Referens
Dufwenberg, Martin, Tobias Lindqvist och Evan Moore (2005). ”Bubbles and Experience: An Experiment”. American Economic Review 95(5), 1731–1737. doi.org/10.1257/000282805775014362
Dufwenberg, Martin, Tobias Lindqvist och Evan Moore (2005). ”Bubbles and Experience: An Experiment”. American Economic Review 95(5), 1731–1737. doi.org/10.1257/000282805775014362
Författare
Martin Dufwenberg,
Tobias Lindqvist, Evan Moore
