On the Ingredients for Bubble Formation: Informed Traders and Communication [Dataset]

DOI

Bubbles in asset markets have been documented in numerous experiments. Most experiments in which bubbles occur feature a declining fundamental value. This feature has been criticized for being atypical of real financial markets. Here, we experimentally study other ingredients for bubble formation that are common in such markets, namely the existence of inside information and communication among traders. We find that bubbles and mirages can occur if these additional ingredients are present. In particular, the mere possibility that some traders are better informed than others can create bubbles. Surprisingly, communication turns out to be counterproductive for bubble formation.

Identifier
DOI https://doi.org/10.11588/data/10018
Related Identifier https://doi.org/10.1016/j.jedc.2011.05.009
Metadata Access https://heidata.uni-heidelberg.de/oai?verb=GetRecord&metadataPrefix=oai_datacite&identifier=doi:10.11588/data/10018
Provenance
Creator Oechssler, Jörg; Schmidt, Carsten; Schnedler, Wendelin
Publisher heiDATA
Contributor Oechssler, Jörg; Schmidt, Carsten; Schnedler, Wendelin; HeiDATA: Heidelberg Research Data Repository
Publication Year 2014
Rights info:eu-repo/semantics/closedAccess
OpenAccess false
Contact Oechssler, Jörg (Alfred-Weber-Institute of Economics)
Representation
Resource Type Dataset
Format application/x-gzip; text/tab-separated-values
Size 645864; 743242
Version 2.1
Discipline Agriculture, Forestry, Horticulture, Aquaculture; Agriculture, Forestry, Horticulture, Aquaculture and Veterinary Medicine; Life Sciences; Social Sciences; Social and Behavioural Sciences; Soil Sciences