English
 
User Manual Privacy Policy Disclaimer Contact us
  Advanced SearchBrowse

Item

ITEM ACTIONSEXPORT
  Bubbles and Financial Professionals

Weitzel, U., Huber, C., Huber, J., Kirchler, M., Lindner, F., & Rose, J. (2018). Bubbles and Financial Professionals.

Item is

Basic

show hide
Item Permalink: http://hdl.handle.net/21.11116/0000-0001-D7DD-4 Version Permalink: http://hdl.handle.net/21.11116/0000-0003-88F3-1
Genre: Paper

Files

show Files

Locators

show
hide
Description:
-

Creators

show
hide
 Creators:
Weitzel, Utz, Author
Huber, Christoph, Author
Huber, Jürgen, Author
Kirchler, Michael, Author
Lindner, Florian1, Author              
Rose, Julia, Author
Affiliations:
1Max Planck Institute for Research on Collective Goods, Max Planck Society, ou_2173688              

Content

show
hide
Free keywords: experimental finance, financial professionals, price efficiency, financial bubbles
 JEL: G02 - Behavioral Finance: Underlying Principles
 JEL: C92 - Laboratory, Group Behavior
 JEL: D84 - Expectations; Speculations
 JEL: G14 - Information and Market Efficiency; Event Studies; Insider Trading
 Abstract: The efficiency of financial markets and their potential to produce bubbles are central topics in academic and professional debates. Yet, surprisingly little is known about the contribution of financial professionals to price efficiency. To close this gap, we run 86 experimental markets with 294 professionals and 384 students. We report that professional markets with bubble-drivers—capital inflows or high initial capital supply—are susceptible to bubbles, but they are significantly more efficient than student markets. In a survey with 245 professionals and students we show that cognitive

Details

show
hide
Language(s):
 Dates: 2018
 Publication Status: Published online
 Pages: -
 Publishing info: Bonn : Max Planck Institute for Research on Collective Goods
 Table of Contents: -
 Rev. Type: -
 Identifiers: Other: 2018/09
 Degree: -

Event

show

Legal Case

show

Project information

show

Source

show