rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Bubbles and Crashes in Experimental Asset Markets
  name:
    name part: Palan, Stefan.
    role:
      role term: creator
    role:
      role term: author.
  name:
    name part: SpringerLink (Online service)
  type of resource: text
  origin info:
    place:
      place term: gw
    date issued: 2009
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: electronic
    form: electronic resource
    reformatting quality: access
    form: remote
    extent: 171 p. 20 illus. online resource.
  abstract: This book describes a laboratory experiment designed to test the causes and properties of bubbles in financial markets and explores the question whether it is possible to design markets which avoid such bubbles and crashes. In the experiment, subjects were given the opportunity to trade in a stock market modeled after the seminal work of Smith et al. (1988). To account for the increasing importance of online betting sites, subjects were also allowed to trade in a digital option market. The outcomes shed new light on how subjects form and update their expectations, placing special emphasis on the bounded rationality of investors. Various analytical bubble measures found in the literature are collected, calculated, classified and presented for the first time. The very interesting new bubble measures "Dispersion Ratio", "Overpriced Transactions" and "Underpriced Transactions" are developed, making the book an important step towards the research goal of preventing bubbles and crashes in financial markets. In addition, the book formulates concrete new research hypotheses for future studies.
  table of contents: and Motivation -- Literature Review -- Experimental Design and Methodology -- Results -- Conclusion and Outlook -- Appendices.
  note: by Stefan Palan.
  subject:
    topic: Economics, Mathematical
  subject:
    topic: Economic theory
  subject:
    topic: Microeconomics
  subject:
    topic: Macroeconomics
  subject:
    topic: Economics
  subject:
    topic: Macroeconomics/Monetary Economics//Financial Economics
  subject:
    topic: Microeconomics
  subject:
    topic: Quantitative Finance
  subject:
    topic: Economic Theory/Quantitative Economics/Mathematical Methods
  classification: HB172.5
  classification: 339
  related item:
    title info:
      title: Springer eBooks
  related item:
    title info:
      title: Lecture Notes in Economics and Mathematical Systems, 626
  identifier: 9783642021473
  identifier: http://dx.doi.org/10.1007/978-3-642-02147-3
  record info:
    record creation date: 100715
    record change date: 20151204163603.0
    record identifier: 978-3-642-02147-3