How do experienced traders respond to inflows of inexperienced traders? An experimental analysis

DOI10.1016/J.JEDC.2014.05.007zbMath1402.91932OpenAlexW1977715174MaRDI QIDQ1994586

Nobuyuki Hanaki, Eizo Akiyama, Ryuichiro Ishikawa

Publication date: 1 November 2018

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

Full work available at URL: http://www.amse-aixmarseille.fr/sites/default/files/_dt/2012/wp_2013_-_nr_59.pdf#overlay-context=fr/recherche/documents-de-travail/how-do-experienced-traders-respond-inflows-inexperienced-traders

zbMATH Keywords

experimentheterogeneitystrategic uncertaintyexperienceasset markets

Mathematics Subject Classification ID

Financial applications of other theories (91G80) Heterogeneous agent models (91B69)

Related Items (8)

Effects of different ways of incentivizing price forecasts on market dynamics and individual decisions in asset market experiments ⋮ Behavioral uncertainty and the dynamics of traders' confidence in their price forecasts ⋮ Limited rationality and the strategic environment: further theory and experimental evidence ⋮ The impact of asset purchases in an experimental market with consumption smoothing motives ⋮ A quantitative easing experiment ⋮ 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 ⋮ Number sense, trading decisions and mispricing: an experiment

Cites Work

• Individual expectations, limited rationality and aggregate outcomes
• Behavioral aspects of arbitrageurs in timing games of bubbles and crashes
• Bubble measures in experimental asset markets
• Clock games: theory and experiments
• Price stability and volatility in markets with positive and negative expectations feedback: an experimental investigation
• Bubbles and Crashes

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