Are you experienced? How the time spacing of traders' market experience impacts bubble formation in experimental asset markets
(2022)
Book Chapter
Shachat, J., & Wang, H. (2022). Are you experienced? How the time spacing of traders' market experience impacts bubble formation in experimental asset markets. In S. Füllbrunn, & E. Haruvy (Eds.), Handbook of Experimental Finance (267-280). Edward Elgar Publishing. https://doi.org/10.4337/9781800372337.00028
We demonstrate when market experience is spaced out over a longer period of time (weeks instead of minutes), the increase in pricing efficiency is very small - if at all - for the same population of traders. However pricing efficiency gains are subst... Read More about Are you experienced? How the time spacing of traders' market experience impacts bubble formation in experimental asset markets.