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The Robustness of Bubbles and Crashes in Experimental Stock Markets
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The article was published on 1993-01-01 and is currently open access. It has received 270 citations till now. The article focuses on the topics: Stock market bubble & Stock (geology).read more
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Nonspeculative bubbles in experimental asset markets: lack of common knowledge of rationality vs. actual irrationality
TL;DR: In this article, the role of speculation in the formation of bubbles and crashes in laboratory asset markets was investigated, and it was found that much of the trading activity that accompanies bubble formation, in markets where speculation is possible, is due to the fact that there is no other activity available for participants in the experiment.
Posted Content
The Social Construction of Market Value: Institutionalization and Learning Perspectives on Stock Market Reactions
TL;DR: In this paper, the authors argue that stock market reactions are also influenced by the prevailing institutional logic and the degree of institutionalization of the practice, and that institutionalization processes might increase the market value of a policy as more firms adopt it, despite growing evidence of decoupling.
Journal ArticleDOI
The Social Construction of Market Value: Institutionalization and Learning Perspectives on Stock Market Reactions
TL;DR: This paper argued that stock market reactions are also influenced by the prevailing institutional logic and the degree of institutionalization of the practice of repurchase plans, and suggested that the market's reaction to particular corporate practices such as stock repurchase plan are not, as financial economists contend, simply a function of the inherent efficiency of such practices.
Journal ArticleDOI
Traders' Expectations in Asset Markets: Experimental Evidence
TL;DR: In this paper, the authors elicit traders' predictions of future price trajectories in repeated experimental markets for a 15-period-lived asset and find that individuals' beliefs about prices are adaptive, and primarily based on past trends in the current and previous markets in which they have participated.
Posted Content
Information Aggregation Mechanisms: Concept, Design and Implementation for a Sales Forecasting Problem
Charles R. Plott,Kay-Yut Chen +1 more
TL;DR: In this article, the authors report on the deployment of an information aggregation mechanism inside Hewlett-Packard Corporation for the purpose of makings sales forecasts, and who that IAMs performed better than traditional methods employed inside HP.
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