Replication data for: Riding the South Sea Bubble

Principal Investigator(s):  View help for Principal Investigator(s) Peter Temin; Hans-Joachim Voth

Version:  View help for Version V1

Name File Type Size Last Modified
Guide-to-data-analysis-AER.doc application/msword 22.5 KB 12/06/2019 10:20:AM
LICENSE.txt text/plain 14.6 KB 12/06/2019 10:20:AM
aer-monte-carlo.do text/plain 144 bytes 12/06/2019 10:20:AM
aer-monte-carlo2.do text/plain 149 bytes 12/06/2019 10:20:AM
aer-south-sea-data.do text/plain 1.6 KB 12/06/2019 10:20:AM
south-sea-aer-data.dta application/octet-stream 19.9 KB 12/06/2019 10:20:AM
ss-sim.do text/plain 264 bytes 12/06/2019 10:20:AM
ss-sim2.do text/plain 261 bytes 12/06/2019 10:20:AM

Project Citation: 

Temin, Peter, and Voth, Hans-Joachim. Replication data for: Riding the South Sea Bubble. Nashville, TN: American Economic Association [publisher], 2004. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-06. https://doi.org/10.3886/E116029V1

Project Description

Summary:  View help for Summary This paper presents a case study of a well-informed investor in the South Sea bubble. We argue that Hoare's Bank, a fledgling West End London bank, knew that a bubble was in progress and nonetheless invested in the stock: it was profitable to "ride the bubble." Using a unique dataset on daily trades, we show that this sophisticated investor was not constrained by such institutional factors as restrictions on short sales or agency problems. Instead, this study demonstrates that predictable investor sentiment can prevent attacks on a bubble; rational investors may attack only when some coordinating event promotes joint action.

Scope of Project

JEL Classification:  View help for JEL Classification
      G14 Information and Market Efficiency; Event Studies; Insider Trading
      N23 Economic History: Financial Markets and Institutions: Europe: Pre-1913


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V1 [2019-12-06]

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