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Prices and Expectations in Asset Markets – a Field Experiment

Obiettivo

The field of experimental asset markets applies experiments as a research procedure to investigate price patterns in asset markets. Initial research in the field exhibited deviations of prices from fundamental values and presented possible explanations to this phenomenon. One of the advantages of the experimental approach is its ability to elicit traders’ actual beliefs regarding future prices and by that, to model the way traders form their beliefs in asset markets. The purpose of this study is to conduct a field experiment in order to improve the ability of the experimental approach to simulate trade in real asset markets. The experimental design will enable subjects to trade several months, without the recognition that they participate in an experiment. Results, therefore, will be more reliable as an explanation to the field. In addition, the unique experimental design will elicit the beliefs of participants regarding future prices to better understand the way traders in asset markets interpret information and form their beliefs.

Invito a presentare proposte

FP7-PEOPLE-2010-RG
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Coordinatore

BEN-GURION UNIVERSITY OF THE NEGEV
Contributo UE
€ 100 000,00
Indirizzo
.
84105 Beer Sheva
Israele

Mostra sulla mappa

Tipo di attività
Higher or Secondary Education Establishments
Contatto amministrativo
Daphna Daphna Tripto (Ms.)
Collegamenti
Costo totale
Nessun dato