Bubbles and Crashes in Experimental Asset Markets is popular PDF and ePub book, written by Stefan Palan in 2009-10-03, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Bubbles and Crashes in Experimental Asset Markets can be Read Online from any device for your convenience.
Bubbles and Crashes in Experimental Asset Markets Book PDF Summary
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.
Detail Book of Bubbles and Crashes in Experimental Asset Markets PDF
- Author : Stefan Palan
- Release : 03 October 2009
- Publisher : Springer Science & Business Media
- ISBN : 9783642021473
- Genre : Business & Economics
- Total Page : 179 pages
- Language : English
- PDF File Size : 9,8 Mb
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