Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/81270 
Erscheinungsjahr: 
2003
Schriftenreihe/Nr.: 
IUI Working Paper No. 588
Verlag: 
The Research Institute of Industrial Economics (IUI), Stockholm
Zusammenfassung: 
We investigate experimentally how the share of experienced traders in double-auction asset markets affects trading, in particular the occurrence of bubble-crash pricing patterns. In each session, six subjects trade in three successive market rounds and gain experience. In a fourth round, depending on the treatment, two or four experienced subjects are replaced by inexperienced subjects. The results are compared to earlier findings when all traders were either inexperienced or experienced. We explore what can be learned by analogy between these laboratory findings and the performance of naturally occurring markets.
Schlagwörter: 
Asset Market
Bubble
Crash
Experience
Experiment
Speculation
JEL: 
C92
G12
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
282.2 kB





Publikationen in EconStor sind urheberrechtlich geschützt.