Expectations and Bubbles in Asset Pricing Experiments
By Cars H. Hommes, Joep Sonnemans, Jan Tuinstra, H. V. D. Velden. 2008
191 citations recorded by the source corpus.
Subfields: Economics and Econometrics, General Decision Sciences, Safety Research
View Paper: https://www.semanticscholar.org/paper/c8b2003564cfa7ff350ac756ca8348a9fd34f44f
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
- Florian Wagener
- Cars H. Hommes
- Andreas Fuster
- David Laibson
- Benjamin Hébert
- Frank H. Westerhoff
- Nicholas Barberis
- Roberto Dieci
In General Decision Sciences
- David Laibson
- Benjamin Hébert
- Andreas Fuster
- Cars H. Hommes
- Stefano DellaVigna
- Charles D. Sprenger
- Michaela Pagel
- Kirsten I. M. Rohde
In Safety Research
Citations in the corpus
- Complex Evolutionary Systems in Behavioral Finance (2008, background): “Hommes et al. (2008) ran experiments without robot traders and a high upper bound of 1000 (maintaining the same fundamental price pf = 60) and in 6 out of their 7 markets long lasting price bubbles (almost) reaching the upper bound were observed, with price levels up to 15 times the fundamental…”
- Natural Expectations, Macroeconomic Dynamics, and Asset Pricing (2012, background): “For instance, lab experiments in which subjects forecast fi nancial or other time series fi nd that extrapolative expectations or “trend following” provide a good description of observed beliefs (De Bondt 1993; Hey 1994) and may be a driving force behind the bubbles that are observed in asset- marke”
- Evolutionary Selection of Individual Expectations and Aggregate Outcomes in Asset Pricing Experiments (2012, unknown): “2005) and HSTV08 (Hommes et al. 2008).”