Traders' Expectations in Asset Markets: Experimental Evidence

By Ernan Haruvy, Yaron Lahav, Charles N. Noussair. 2007

397 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance, Safety Research

View Paper: https://www.semanticscholar.org/paper/4875e5730e9a42f8f1c9b60187a8fbc6ab58881e

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Jürgen Huber
2. Thomas Stöckl
3. Michael Kirchler

In Finance

1. Jürgen Huber
2. Thomas Stöckl
3. Michael Kirchler

Citations in the corpus

• Bubble measures in experimental asset markets (2010, background): “... mean fundamental value in the market; MedianPp = the median price in period p; N = total number of periods a Porter and Smith (1995), Hussam et al. (2008), Noussair et al. (2001 ), Lei et al. (2002), Lei and Vesely (2009), varying computation in Haruvy and Noussair (2006) and Haruvy et al. (2007”
• Belief Elicitation: A Horse Race Among Truth Serums (2015, neutral): “…Kroeger & van Soest 2008; Costa-Gomez & Weizsaecker 2008; Heinemann, Nagel & Ockenfels 2009; Nyarko & Schotter 2002, for behavior in games; Haruvy, Lahav, & Noussair 2007 for trading in asset markets; Carman & Kooreman 2010 for medical decisions; Guiso, Japelli & Terlizzese 1992 for…”
• Social Transmission Bias and Investor Behavior (2021, neutral): “For example, consistent with SET, in a Facebook-style social network for individual investors, Heimer and Simon (2015) report that the frequency with which an investor contacts other traders in a given week is increasing in the investor’s short-term return.”
• A Review of Bubbles and Crashes in Experimental Asset Markets (2013, neutral): “Haruvy et al. (2007) first discovered that the effect of experience stems from a simple process of myopic adaptation of expectations.”
• Emotional State and Market Behavior (2013, neutral): “12 expect that momentum traders, who behave irrationally and earn less money than the other two types (see Haruvy and Noussair (2006) or Haruvy et al. (2013)), would be more influenced by emotions when trading, while fundamental value traders and rational speculators, who typically earn more, would ”