American Economic Review: Vol. 95 No. 5 (December 2005)
Print Article Summary Export Citation
Sign up for Email Alerts Follow us on Twitter
Bubbles and Experience: An Experiment
Dufwenberg, Martin, Tobias Lindqvist, and Evan Moore. 2005. "Bubbles and Experience: An Experiment." American Economic Review, 95(5): 1731-1737.
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.
Article Full-Text Access