Browsing Working Papers by JEL Classification "G02"
Now showing items 1-5 of 5
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Anchoring in Experimental Asset Markets
(2015-02-10)We investigate the relationship between anchoring and the emergence of bubbles in experimental asset markets. We show that setting a visual anchor at the fundamental value (FV) in the first period only is sufficient to ... -
Compensation Schemes, Liquidity Provision, and Asset Prices: An Experimental Analysis
(2015-06-01)In an experimental setting in which investors can entrust their money to traders, we investigate how compensation schemes affect liquidity provision and asset prices. Investors face a trade-off between risk and return. At ... -
Measuring Ambiguity Aversion: A Systematic Experimental Approach
(2014-06-20)This paper provides a systematic analysis of individual attitudes towards ambiguity, based on laboratory experiments. The design of the analysis allows to capture individual behavior across various levels of ambiguity, ... -
Taring All Investors with the Same Brush? Evidence for Heterogeneity in Individual Preferences from a Maximum Likelihood Approach
(2015-05-19)Abstract. Microeconomic modeling of investors behavior in financial markets and its results crucially depends on assumptions about the mathematical shape of the underlying preference functions as well as their parameterizations. ... -
Who Are the Bitcoin Investors? Evidence from Indirect Cryptocurrency Investments
(2019-12-10)Cryptocurrencies have received growing attention from individuals, the media, and regulators. However, little is known about the investors whom these financial instruments attract. Using administrative data, we describe ...