Behavioural Effects and Market Dynamics in Field and Laboratory Experimental Asset Markets.

ABSTRACT: A vast literature investigating behavioural underpinnings of financial bubbles and crashes relies on laboratory experiments. However, it is not yet clear how findings generated in a highly artificial environment relate to the human behaviour in the wild. It is of concern that the laboratory setting may create a confound variable that impacts the experimental results. To explore the similarities and differences between human behaviour in the laboratory environment and in a realistic natural setting, with the same type of participants, we translate a field study conducted by reference (Sornette, D.; et al. Econ. E-J.2020, 14, 1-53) with trading rounds each lasting six full days to a laboratory experiment lasting two hours. The laboratory experiment replicates the key fin

SUBMITTER: Andraszewicz S 

PROVIDER: S-EPMC7597354 | biostudies-literature | 2020 Oct

REPOSITORIES: biostudies-literature