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 |
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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:
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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:
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G14 Information and Market Efficiency; Event Studies; Insider Trading
N23 Economic History: Financial Markets and Institutions: Europe: Pre-1913
G14 Information and Market Efficiency; Event Studies; Insider Trading
N23 Economic History: Financial Markets and Institutions: Europe: Pre-1913
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