Overconfidence And Bubbles In Experimental Asset Markets
DOWNLOAD
Download Overconfidence And Bubbles In Experimental Asset Markets PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Overconfidence And Bubbles In Experimental Asset Markets book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Overconfidence And Bubbles In Experimental Asset Markets
DOWNLOAD
Author : Julija Michailova
language : en
Publisher:
Release Date : 2011
Overconfidence And Bubbles In Experimental Asset Markets written by Julija Michailova and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
Bubbles And Crashes In Experimental Asset Markets
DOWNLOAD
Author : Stefan Palan
language : en
Publisher: Springer
Release Date : 2010-02-04
Bubbles And Crashes In Experimental Asset Markets written by Stefan Palan and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-02-04 with Business & Economics categories.
This book describes a laboratory experiment designed to test the causes and properties of bubbles in financial markets and explores the question whether it is possible to design markets which avoid such bubbles and crashes. In the experiment, subjects were given the opportunity to trade in a stock market modeled after the seminal work of Smith et al. (1988). To account for the increasing importance of online betting sites, subjects were also allowed to trade in a digital option market. The outcomes shed new light on how subjects form and update their expectations, placing special emphasis on the bounded rationality of investors. Various analytical bubble measures found in the literature are collected, calculated, classified and presented for the first time. The very interesting new bubble measures "Dispersion Ratio", "Overpriced Transactions" and "Underpriced Transactions" are developed, making the book an important step towards the research goal of preventing bubbles and crashes in financial markets.
Price Dynamics And Trader Overconfidence
DOWNLOAD
Author : Steffen Ahrens
language : en
Publisher:
Release Date : 2019
Price Dynamics And Trader Overconfidence written by Steffen Ahrens and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
Overconfidence is one of the most important biases in financial markets and commonly associated with excessive trading and asset market bubbles. So far, most of the finance literature takes overconfidence as a given, "static" personality trait. In this paper we introduce a novel experimental design which allows us to track different measures of overconfidence during an asset market bubble. The results show that overconfidence co-moves with asset prices and points towards a feedback loop in which overconfidence adds fuel to the flame of existing bubbles.
Bubbles In Experimental Asset Markets
DOWNLOAD
Author : Lucy F. Ackert
language : en
Publisher:
Release Date : 2015
Bubbles In Experimental Asset Markets written by Lucy F. Ackert and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
The robustness of bubbles and crashes in markets for finitely lived assets is perplexing. This paper reports the results of experimental asset markets in which participants trade two assets. In some markets, price bubbles form. In these markets, traders will pay even higher prices for the asset with lottery characteristics, i.e., a claim on a large, unlikely payoff. However, institutional design has a significant impact on deviations in prices from fundamental values, particularly for an asset with lottery characteristics. Price run-ups and crashes are moderated when traders finance purchases of the assets themselves and are allowed to short sell.
Behavioural Economics And Experiments
DOWNLOAD
Author : Ananish Chaudhuri
language : en
Publisher: Routledge
Release Date : 2021-05-13
Behavioural Economics And Experiments written by Ananish Chaudhuri and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-05-13 with Business & Economics categories.
- Incorporates the latest experimental evidence from across economics, psychology and neuroscience to provide cutting-edge introduction for students. - Structured around three key settings – individuals, small groups and larger impersonal groups (e.g. markets) – this text provides a logical framework for the study of economic decision-making. - Includes discussion of emotions including fairness, trust, selfishness and altruism on both a micro and macro level to show how they can influence personal decision making as well as entire economies.
Non Speculative Bubbles In Experimental Asset Markets
DOWNLOAD
Author : Vivian Lei
language : en
Publisher:
Release Date : 1998
Non Speculative Bubbles In Experimental Asset Markets written by Vivian Lei and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Securities categories.
Experimental Asset Markets
DOWNLOAD
Author : Owen Powell
language : en
Publisher:
Release Date : 2015
Experimental Asset Markets written by Owen Powell and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
This paper reviews new research on experimental asset markets, markets in which the value of the traded asset is homogeneous across all agents. Such markets have been shown to be prone to substantial mispricing, usually in the form of a bubble-and-crash pattern. This calls into question the efficiency of such markets. The studies reviewed consider how market efficiency is affected by the characteristics of traders (intelligence, knowledge, etc.), the properties of the traded asset (the time path of fundamental value, information provision, etc.), and the structure of the market (market interventions, compensation schemes, etc.). Finally, the paper summarizes with a discussion related to defining a unique measure of mispricing.
Bubbles In Experimental Asset Markets
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 2002
Bubbles In Experimental Asset Markets written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Speculation categories.
The Self In Social Judgment
DOWNLOAD
Author : Mark D. Alicke
language : en
Publisher: Psychology Press
Release Date : 2013-05-13
The Self In Social Judgment written by Mark D. Alicke and has been published by Psychology Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-05-13 with Psychology categories.
The volume begins with a historical overview of the self in social judgment and outlines the major issues. Subsequent chapters, all written by leading experts in their respective areas, identify and elaborate four major themes regarding the self in social judgment: · the role of the self as an information source for evaluating others, or what has been called 'social projection' · the assumption of personal superiority as reflected in the pervasive tendency for people to view their characteristics more favorably than those of others · the role of the self as a comparison standard from or toward which other people's behaviors and attributes are assimilated or contrasted · the relative weight people place on the individual and collective selves in defining their attributes and comparing them to those of other people
On Booms That Never Bust
DOWNLOAD
Author : Brice Corgnet
language : en
Publisher:
Release Date : 2018
On Booms That Never Bust written by Brice Corgnet and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.