Experimental Asset Markets

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Bubbles and Crashes in Experimental Asset Markets

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Author : Stefan Palan
Publisher : Springer Science & Business Media
ISBN 13 : 3642021476
Total Pages : 179 pages
Book Rating : 4.6/5 (42 download)

Book Synopsis Bubbles and Crashes in Experimental Asset Markets by : Stefan Palan

Download or read book Bubbles and Crashes in Experimental Asset Markets written by Stefan Palan and published by Springer Science & Business Media. This book was released on 2009-10-03 with total page 179 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Trading Institutions in Experimental Asset Markets

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Author : Bulent Guler
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (133 download)

Book Synopsis Trading Institutions in Experimental Asset Markets by : Bulent Guler

Download or read book Trading Institutions in Experimental Asset Markets written by Bulent Guler and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Experimental Asset Markets

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Author : Owen Powell
Publisher :
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.:/5 (13 download)

Book Synopsis Experimental Asset Markets by : Owen Powell

Download or read book Experimental Asset Markets written by Owen Powell and published by . This book was released on 2015 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Handbook of Experimental Economics

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Author : John H. Kagel
Publisher : Princeton University Press
ISBN 13 : 0691213259
Total Pages : 742 pages
Book Rating : 4.6/5 (912 download)

Book Synopsis The Handbook of Experimental Economics by : John H. Kagel

Download or read book The Handbook of Experimental Economics written by John H. Kagel and published by Princeton University Press. This book was released on 2020-05-05 with total page 742 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, which comprises eight chapters, presents a comprehensive critical survey of the results and methods of laboratory experiments in economics. The first chapter provides an introduction to experimental economics as a whole, with the remaining chapters providing surveys by leading practitioners in areas of economics that have seen a concentration of experiments: public goods, coordination problems, bargaining, industrial organization, asset markets, auctions, and individual decision making. The work aims both to help specialists set an agenda for future research and to provide nonspecialists with a critical review of work completed to date. Its focus is on elucidating the role of experimental studies as a progressive research tool so that wherever possible, emphasis is on series of experiments that build on one another. The contributors to the volume--Colin Camerer, Charles A. Holt, John H. Kagel, John O. Ledyard, Jack Ochs, Alvin E. Roth, and Shyam Sunder--adopt a particular methodological point of view: the way to learn how to design and conduct experiments is to consider how good experiments grow organically out of the issues and hypotheses they are designed to investigate.

Markets, Games, and Strategic Behavior

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Author : Charles A. Holt
Publisher : Princeton University Press
ISBN 13 : 0691188971
Total Pages : pages
Book Rating : 4.6/5 (911 download)

Book Synopsis Markets, Games, and Strategic Behavior by : Charles A. Holt

Download or read book Markets, Games, and Strategic Behavior written by Charles A. Holt and published by Princeton University Press. This book was released on 2019-03-12 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: From a pioneer in experimental economics, an expanded and updated edition of a textbook that brings economic experiments into the classroom Economics is rapidly becoming a more experimental science, and the best way to convey insights from this research is to engage students in classroom simulations that motivate subsequent discussions and reading. In this expanded and updated second edition of Markets, Games, and Strategic Behavior, Charles Holt, one of the leaders in experimental economics, provides an unparalleled introduction to the study of economic behavior, organized around risky decisions, games of strategy, and economic markets that can be simulated in class. Each chapter is based on a key experiment, presented with accessible examples and just enough theory. Featuring innovative applications from the lab and the field, the book introduces new research on a wide range of topics. Core chapters provide an introduction to the experimental analysis of markets and strategic decisions made in the shadow of risk or conflict. Instructors can then pick and choose among topics focused on bargaining, game theory, social preferences, industrial organization, public choice and voting, asset market bubbles, and auctions. Based on decades of teaching experience, this is the perfect book for any undergraduate course in experimental economics or behavioral game theory. New material on topics such as matching, belief elicitation, repeated games, prospect theory, probabilistic choice, macro experiments, and statistical analysis Participatory experiments that connect behavioral theory and laboratory research Largely self-contained chapters that can each be covered in a single class Guidance for instructors on setting up classroom experiments, with either hand-run procedures or free online software End-of-chapter problems, including some conceptual-design questions, with hints or partial solutions provided

Experimental Asset Markets

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Author : Shyam Sunder
Publisher :
ISBN 13 :
Total Pages : 81 pages
Book Rating : 4.:/5 (269 download)

Book Synopsis Experimental Asset Markets by : Shyam Sunder

Download or read book Experimental Asset Markets written by Shyam Sunder and published by . This book was released on 1992 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Nonlinear Dynamics and Evolutionary Economics

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Author : Richard Hollis Day
Publisher : Oxford University Press, USA
ISBN 13 :
Total Pages : 360 pages
Book Rating : 4.F/5 ( download)

Book Synopsis Nonlinear Dynamics and Evolutionary Economics by : Richard Hollis Day

Download or read book Nonlinear Dynamics and Evolutionary Economics written by Richard Hollis Day and published by Oxford University Press, USA. This book was released on 1993 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advances in physics, computers, and mathematics have made it possible to illustrate an astonishing array of potential behavior that can occur when nonlinear interactions are present. As Prigogine explains from a physicist's perspective, the fundamental role of instability and bounded rationality provide more precise understanding for evolution and changes. This volume considers these developments from various fields in the context of economic science. The work starts with a general non-mathematical discussion, introducing the major themes--nonlinearity, dynamical systems, and evolution in economic processes. The work continues with nonlinear analysis of macroeconomic growth and fluctuations. It describes analyses of economic adaptation, learning, and self-organization. The volume also scrutinizes a specific market--equities using nonlinear analysis, controlled experiments, and statistical inference when nonlinearity plays an essential role in data generation. The volume closes with an historical reflection by Richard Goodwin and a roundtable discussion on basic issues and new challenges in nonlinear economic dynamics.

Partial Revelation of Information in Experimental Asset Markets

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Author : Daniel Friedman
Publisher :
ISBN 13 :
Total Pages : 92 pages
Book Rating : 4.:/5 (321 download)

Book Synopsis Partial Revelation of Information in Experimental Asset Markets by : Daniel Friedman

Download or read book Partial Revelation of Information in Experimental Asset Markets written by Daniel Friedman and published by . This book was released on 1988 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Experimental Economics

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Author : Douglas D. Davis
Publisher : Princeton University Press
ISBN 13 : 9780691043173
Total Pages : 592 pages
Book Rating : 4.0/5 (431 download)

Book Synopsis Experimental Economics by : Douglas D. Davis

Download or read book Experimental Economics written by Douglas D. Davis and published by Princeton University Press. This book was released on 1993-01-03 with total page 592 pages. Available in PDF, EPUB and Kindle. Book excerpt: An examination of an area of economic research whereby economists have begun to use laboratories to evaluate economic propositions under carefully controlled conditions. The authors argue for the effectiveness of this technique in selected circumstances.

Experimental Methods

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Author : Daniel Friedman
Publisher : Cambridge University Press
ISBN 13 : 9780521456821
Total Pages : 252 pages
Book Rating : 4.4/5 (568 download)

Book Synopsis Experimental Methods by : Daniel Friedman

Download or read book Experimental Methods written by Daniel Friedman and published by Cambridge University Press. This book was released on 1994-01-28 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: This primer is the first hands-on guide to the physical aspects of conducting experiments in economics.

Literature Review of Experimental Asset Markets with Insiders

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Author : Robert Merl
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (127 download)

Book Synopsis Literature Review of Experimental Asset Markets with Insiders by : Robert Merl

Download or read book Literature Review of Experimental Asset Markets with Insiders written by Robert Merl and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Informational Efficiency of Experimental Asset Markets

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Author : Daniel Friedman
Publisher : London : Department of Economics, University of Western Ontario
ISBN 13 :
Total Pages : 96 pages
Book Rating : 4.0/5 ( download)

Book Synopsis The Informational Efficiency of Experimental Asset Markets by : Daniel Friedman

Download or read book The Informational Efficiency of Experimental Asset Markets written by Daniel Friedman and published by London : Department of Economics, University of Western Ontario. This book was released on 1983 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Handbook of Experimental Economics Results

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Author : Charles R. Plott
Publisher : Elsevier
ISBN 13 : 0444826424
Total Pages : 1175 pages
Book Rating : 4.4/5 (448 download)

Book Synopsis Handbook of Experimental Economics Results by : Charles R. Plott

Download or read book Handbook of Experimental Economics Results written by Charles R. Plott and published by Elsevier. This book was released on 2008-08-21 with total page 1175 pages. Available in PDF, EPUB and Kindle. Book excerpt: While the field of economics makes sharp distinctions and produces precise theory, the work of experimental economics sometimes appears blurred and may produce uncertain results. The contributors to this volume have provided brief notes describing specific experimental results.

Immediate Disclosure Or Secrecy?

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Author : Lucy F. Ackert
Publisher :
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.E/5 ( download)

Book Synopsis Immediate Disclosure Or Secrecy? by : Lucy F. Ackert

Download or read book Immediate Disclosure Or Secrecy? written by Lucy F. Ackert and published by . This book was released on 2001 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Papers in Experimental Economics

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Author : Vernon L. Smith
Publisher : Cambridge University Press
ISBN 13 : 0521364566
Total Pages : 829 pages
Book Rating : 4.5/5 (213 download)

Book Synopsis Papers in Experimental Economics by : Vernon L. Smith

Download or read book Papers in Experimental Economics written by Vernon L. Smith and published by Cambridge University Press. This book was released on 1991-11-29 with total page 829 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of the major papers of Vernon L. Smith, the main creator of the new field of experimental economics.

Heterogeneity of Beliefs and Trade in Experimental Asset Markets

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Author : Tim A. Carle
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (951 download)

Book Synopsis Heterogeneity of Beliefs and Trade in Experimental Asset Markets by : Tim A. Carle

Download or read book Heterogeneity of Beliefs and Trade in Experimental Asset Markets written by Tim A. Carle and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Role of the End Time in Experimental Asset Markets

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Author : Anita Kopányi-Peuker
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (126 download)

Book Synopsis The Role of the End Time in Experimental Asset Markets by : Anita Kopányi-Peuker

Download or read book The Role of the End Time in Experimental Asset Markets written by Anita Kopányi-Peuker and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: