Bubbles and Experience: An Experiment on Speculation
作者： Martin Dufwenberg , Tobias Lindqvist , Evan Moore
DOI:
关键词: Speculation 、 Analogy 、 Actuarial science 、 Session (computer science) 、 Economics 、 Asset (economics)
摘要: We investigate experimentally how the share of experienced traders in doubleauction asset markets affects trading, particular occurrence bubble-crash pricing patterns. In each session, six subjects trade three successive market rounds and gain experience. a fourth round, depending on treatment, two or four are replaced by inexperienced subjects. The results compared to earlier findings when all were either experienced. explore what can be learned analogy between these laboratory performance naturally occurring markets.
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