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Get Bubbles and Crashes in Experimental Asset Markets: 626 PDF

By Stefan Palan

This booklet describes a laboratory test designed to check the motives and homes of bubbles in monetary markets and explores the query if it is attainable to layout markets which keep away from such bubbles and crashes. within the scan, topics got the chance to exchange in a inventory industry modeled after the seminal paintings of Smith et al. (1988). To account for the expanding significance of on-line having a bet websites, matters have been additionally allowed to exchange in a electronic choice industry. the results shed new mild on how matters shape and replace their expectancies, putting exact emphasis at the bounded rationality of traders. numerous analytical bubble measures present in the literature are amassed, calculated, categorised and offered for the 1st time. The very fascinating new bubble measures "Dispersion Ratio", "Overpriced Transactions" and "Underpriced Transactions" are constructed, making the booklet an incredible step in the direction of the examine aim of stopping bubbles and crashes in monetary markets.

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Bubbles and Crashes in Experimental Asset Markets: 626 (Lecture Notes in Economics and Mathematical Systems) by Stefan Palan

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