Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5042456 | Journal of Behavioral and Experimental Finance | 2016 | 9 Pages |
Abstract
We review the latest research on experimental asset markets, where the values of the traded assets are homogeneous across all agents. Such markets have been shown to be prone to substantial mispricing, frequently in the form of a bubble-and-crash pattern. This calls into question the efficiency of such markets. The studies reviewed in this survey consider how market efficiency is affected by the structure of the market, the properties of the traded assets and the characteristics of traders.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics, Econometrics and Finance (General)
Authors
Owen Powell, Natalia Shestakova,