实验室里的资产泡沫研究（附文献下载）

相似文件 换一批

是 否 +2 论坛币

k人 参与回答

经管之家送您一份

应届毕业生专属福利!

求职就业群

赵安豆老师微信：zhaoandou666

经管之家联合CDA

送您一个全额奖学金名额~ !

立即领取

感谢您参与论坛问题回答

经管之家送您两个论坛币！

+2 论坛币

以SSW为基本design的资产泡沫的实验研究文献。不全面，但涵盖了主要的文献，分类不一定准确，有交叉和重合，仅供参考。

1. SSW鼻祖

Smith, V. L., Suchanek, G. L., & Williams, A. W. (1988). Bubbles,crashes, and endogenous expectations in experimental spot asset markets. Econometrica,56(5), 1119-1151.

30年多过去了，这篇文章的深度、广度和水平，仍然让现在许多研究望尘莫及。

2. 已有文献综述

Palan, S. (2013). A review of bubbles and crashes in experimental assetmarkets. Journal of Economic Surveys, 27(3), 570-588.

Noussair, C. N., & Tucker, S. (2013). Experimental research on assetpricing. Journal of Economic Surveys, 27(3), 554-569.

3. 泡沫本质：理性、非理性和Common expectation的讨论

Cheung, S. L., Hedegaard, M., & Palan, S. (2014). To see is tobelieve: Common expectations in experimental asset markets. European EconomicReview, 66, 84-96.

Kirchler, M., Huber, J., & Stoeckl, T. (2012). Thar She Bursts:Reducing Confusion Reduces Bubbles. American Economic Review, 102(2), 865-883.doi: 10.1257/aer.102.2.865

Hommes, C., Sonnemans, J., Tuinstra, J., & Van De Velden, H. (2008).Expectations and bubbles in asset pricing experiments. Journal of EconomicBehavior & Organization, 67(1), 116-133.

Haruvy, Lahav, Y., & Noussair. (2007). Traders' expectations in assetmarkets: Experimental evidence. American Economic Review, 97(5), 1901-1920.

Huber, J., & Kirchler, M. (2012). The impact of instructions andprocedure on reducing confusion and bubbles in experimental asset markets.Experimental Economics, 15(1), 89-105.

Long, J. B., Shleifer, A., Summers, L. H., & Waldmann, R. J. (1990).Positive Feedback Investment Strategies and Destabilizing Rational Speculation.Journal Of Finance, 45(2), 379-395.

4. 市场结构因素的影响

Ackert, Charupat, N., Church, B., & Deaves, R. (2006). Margin, shortselling, and lotteries in experimental asset markets. Southern EconomicJournal, 73(2), 419-436.

Berlemann, M., & Vöpel, H. (2012). Tournament incentives and assetprice bubbles: Evidence from a field experiment. Economics Letters, 115(2),232-235.

Caginalp, Porter, D., & Smith, V. (1998). Initial cash/asset ratioand asset prices: An experimental study. Proceedings of the National Academy ofSciences of the United States of America, 95(2), 756-761

Cheung, & Palan, S. (2012). Two heads are less bubbly than one: Teamdecision-making in an experimental asset market. Experimental Economics, 15(3),373-397.

Deck, C., Porter, D., & Smith, V. (2014). Double Bubbles in AssetsMarkets With Multiple Generations. Journal Of Behavioral Finance, 15(2), 79-88.

James, D., & Isaac, R. M. (2000). Asset markets: How they areaffected by tournament incentives for individuals. American Economic Review,90(4), 995-1004.

Porter, D., & Smith, V. (1995). Futures Contracting and DividendUncertainty in Experimental Asset Markets. Journal Of Business, 68(4), 509-541.

Smith, van Boening, M., & Wellford, C. P. (2000). Dividend timing andbehavior in laboratory asset markets. Economic Theory, 16(3), 567-583.

Williams, A. W. (2008). Price bubbles in large financial asset markets.In C. R. Plott & V. L. Smith (Eds.), Handbook of Experimental EconomicsResults (pp. 242–246): Amsterdam: North Holland.

Palan, S. (2010). Digital options and efficiency in experimental assetmarkets. Journal Of Economic Behavior & Organization, 75(3), 506-522.

Oechssler, J., Schmidt, C., & Schnedler, W. (2011). On theingredients for bubble formation: Informed traders and communication. JournalOf Economic Dynamics & Control, 35(11), 1831-1851.

Noussair, & Tucker, S. (2006). Futures markets and bubble formationin experimental asset markets. Pacific Economic Review, 11(2), 167-184.

Noussair, C., Robin, S., & Ruffieux, B. (2001). Price bubbles inlaboratory asset markets with constant fundamental values. ExperimentalEconomics, 4(1), 87-105.

5. 个体差异因素（heterogeneity）的影响

Eckel, C. C. (2015). "Thar SHE Blows? Gender, Competition, andBubbles in Experimental Asset Markets." The American Economic Review105(2): 906-920

Akiyama, E., Hanaki, N., & Ishikawa, R. (2014). How do experiencedtraders respond to inflows of inexperienced traders? An experimental analysis.Journal of Economic Dynamics and Control, 45, 1-18.

Deck, C., Porter, D., & Smith, V. (2014). Double bubbles in assetsmarkets with multiple generations. Journal of Behavioral Finance, 15(2), 79-88.

Gong, B., Lei, V., & Pan, D. (2013). Before and after: The impact ofa real bubble crash on investors’ trading behavior in the lab. Journal ofEconomic Behavior & Organization, 95, 186-196.

Ackert, & Church, B. K. (2001). The Effects of Subject Pool andDesign Experience on Rationality in Experimental Asset Markets. Journal ofPsychology and Financial Markets, 2(1), 6-28.

Akiyama, E., Hanaki, N., & Ishikawa, R. (2014). How do experiencedtraders respond to inflows of inexperienced traders? An experimental analysis.Journal Of Economic Dynamics & Control, 45, 1-18.

Andrade, E. B., Odean, T., & Lin, S. (2014). Bubbling withExcitement: An Experiment. working paper.

Caginalp, G., Porter, D., & Smith, V. (2000). Momentum andoverreaction in experimental asset markets. International Journal Of IndustrialOrganization, 18(1), 187-204.

Caginalp, G., Porter, D., & Smith, V. (2001). Financial Bubbles:Excess Cash, Momentum, and Incomplete Information. Journal of Psychology andFinancial Markets, 2(2), 80-99

Dufwenberg, M., Lindqvist, T., & Moore, E. (2005). Bubbles andexperience: An experiment. American Economic Review, 95(5), 1731-1737.

Fellner, G., & Maciejovsky, B. (2007). Risk attitude and marketbehavior: Evidence from experimental asset markets. Journal Of EconomicPsychology, 28(3), 338-350. doi: 10.1016/j.joep.2007.01.006

Fiedler, M. (2011). Experience and Confidence in an Internet-Based AssetMarket Experiment. Southern Economic Journal, 78(1), 30-52.

Gong, B., Lei, V., & Pan, D. (2013). Before and after: The impact ofa real bubble crash on investors' trading behavior in the lab. Journal OfEconomic Behavior & Organization, 95, 186-196.

Hargreaves Heap, S. P., & Zizzo, D. J. (2012). Emotions and Chat in aFinancial Markets Experiment. CBESS Discussion Paper 11-11. University of EastAnglia.  

King, R. (1991). Private information acquisition in experimental marketsprone to bubble and crash. Journal Of Financial Research, 14(3), 197-206.

Michailova, J., & Schmidt, U. (2011). Overconfidence and Bubbles inExperimental Asset Markets Kiel Working Paper No. 1729. Kiel Institute for theWorld Economy.  

6. 泡沫控制政策（bubblecontrol policy）

Kleinlercher, D., Huber, J., & Kirchler, M. (2014). The impact ofdifferent incentive schemes on asset prices. European Economic Review, 68,137-150.

Cheung, S. L., & Coleman, A. (2014). Relative performance incentivesand price bubbles in experimental asset markets. Southern Economic Journal,81(2), 345-363.

Haruvy, E., Noussair, C. N., & Powell, O. (2014). The impact of assetrepurchases and issues in an experimental market. Review of Finance, 18(2),681-713.

Lugovskyy, V., Puzzello, D., Tucker, S., & Williams, A. (2014). Asset-holdingscaps and bubbles in experimental asset markets. Journal of Economic Behavior& Organization, 107, 781-797.

Fischbacher, U., Hens, T., & Zeisberger, S. (2013). The impact ofmonetary policy on stock market bubbles and trading behavior: Evidence from thelab. Journal of Economic Dynamics and Control, 37(10), 2104-2122.

Corgnet, B., Kujal, P., & Porter, D. (2013). Reaction to PublicInformation in Markets: How much does Ambiguity Matter?. The EconomicJournal,123(569), 699-737.

Chan, K. S., Lei, V., & Vesely, F. (2013). Differentiated assets: Anexperimental study on bubbles. Economic Inquiry, 51(3), 1731-1749

Corgnet, B., Kujal, P., & Porter, D. (2010). The effect ofreliability, content and timing of public announcements on asset tradingbehavior. Journal Of Economic Behavior & Organization, 76(2), 254-266.

Giusti, G., Jiang, J. H., & Xu, Y. (2014). Interest on Cash,Fundamental Value Process and Bubble Formation on Experimental Asset Markets.Bank of Canada Working Paper 2014-18. Bank of Canada.  

Lugovskyy, V., Puzzello, D., & Tucker, S. (2011). An ExperimentalStudy of Bubble Formation in Asset Markets Using the Tatonnement TradingInstitution. Department of Economics and Finance.

扫码加我 拉你入群

请注明：姓名-公司-职位

以便审核进群资格，未注明则拒绝

分享0 收藏2 回帖

关键词：泡沫研究 资产泡沫 文献下载 实验室 Experimental 资产泡沫 实验 SSW 个体差异 控制政策

7. 脑神经初探（Neural investigation）
Smith, A., et al (2014). Irrational exuberance and neural crash warning signals during endogenous experimental market bubbles. Proceedings of the National Academy of Sciences, 111(29), 10503-10508.
De Martino, B., O’Doherty, J. P., Ray, D., Bossaerts, P., & Camerer, C. (2013). In the mind of the market: Theory of mind biases value computation during financial bubbles. Neuron, 79(6), 1222-1231.
8.从classic model 到behavior model再到new generation
Scherbina, A., & Schlusche, B. (2014). Asset price bubbles: A survey. Quantitative Finance, 14(4), 589-604
9. 如果想挑战极限的话，请阅读这篇文章
Moinas, S., & Pouget, S. (2013). The bubble game: an experimental study of speculation. Econometrica, 81(4), 1507-1539.

thanks for sharing

太棒了

thanks for sharing