Tyck till om SwePub Sök
här!
Search: AMNE:(SOCIAL SCIENCES Business and economics)
> Sutter Matthias 1968 >
Bubbles and informa...
Bubbles and information. An experiment
-
- Sutter, Matthias, 1968 (author)
- Gothenburg University,Göteborgs universitet,Institutionen för nationalekonomi med statistik,Department of Economics
-
Huber, Jürgen (author)
-
- Kirchler, Michael, 1977 (author)
- Gothenburg University,Göteborgs universitet,Centrum för finans,Institutionen för nationalekonomi med statistik,Centre for Finance,Department of Economics
-
(creator_code:org_t)
- Institute for Operations Research and the Management Sciences (INFORMS), 2012
- 2012
- English.
-
In: Management Science. - : Institute for Operations Research and the Management Sciences (INFORMS). - 0025-1909 .- 1526-5501. ; 58:2, s. 384-393
- Related links:
-
https://www.econstor...
-
show more...
-
https://gup.ub.gu.se...
-
https://doi.org/10.1...
-
show less...
Abstract
Subject headings
Close
- A symmetric distribution of information, although omnipresent in real markets, is rarely considered in experimental economics. We study whether information about imminent future dividends can abate bubbles in experimental asset markets. We find that markets with asymmetrically informed traders have significantly smaller bubbles than markets with symmetrically informed or uninformed traders. Hence, fundamental values are better reflected in market prices—implying higher market efficiency—when some traders know more than others about future dividends. This suggests that bubbles are abated when traders know that a subset of them have an edge (in information) over others.
Subject headings
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Keyword
- inance
- experiment
- bubbles
Publication and Content Type
- ref (subject category)
- art (subject category)
Find in a library
To the university's database