Effects of different ways of incentivizing price forecasts on market dynamics and individual decisions in asset market experiments

DOI10.1016/J.JEDC.2018.01.018zbMath1401.91058OpenAlexW2794094652MaRDI QIDQ1657205

Eizo Akiyama, Ryuichiro Ishikawa, Nobuyuki Hanaki

Publication date: 13 August 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2018.01.018

zbMATH Keywords

experimental asset marketsprice forecast elicitation

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Economic growth models (91B62)

Related Items (8)

Behavioral uncertainty and the dynamics of traders' confidence in their price forecasts ⋮ Predicting the unpredictable: new experimental evidence on forecasting random walks ⋮ A quantitative easing experiment ⋮ Coordination on bubbles in large-group asset pricing experiments ⋮ Who inflates the bubble? Forecasters and traders in experimental asset markets ⋮ Asset markets with insider trading disclosure rule and reselling constraint: an experimental analysis ⋮ The effect of short selling and borrowing on market prices and traders' behavior ⋮ The impact of interest rate policy on individual expectations and asset bubbles in experimental markets

Uses Software

• Z-Tree

Cites Work

• Individual expectations, limited rationality and aggregate outcomes
• Expectationally driven market volatility: An experimental study
• Bubble measures in experimental asset markets
• How do experienced traders respond to inflows of inexperienced traders? An experimental analysis
• Price stability and volatility in markets with positive and negative expectations feedback: an experimental investigation
• Fiscal Policy in an Expectations-Driven Liquidity Trap

This page was built for publication: Effects of different ways of incentivizing price forecasts on market dynamics and individual decisions in asset market experiments