Bubbles and Experience: An Experiment
- 1 November 2005
- journal article
- Published by American Economic Association in American Economic Review
- Vol. 95 (5), 1731-1737
- https://doi.org/10.1257/000282805775014362
Abstract
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.Keywords
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