Discussion of “from experiment to the field: the case of a price formation model based on laboratory findings”

Xin (2022) proposes a new approach that builds a model based on insights from laboratory findings. The model can uncover the process through which individual investor behavior drives macro-level stock market phenomena. This short discussion notes that the approach advocated by Xin (2022) allows us t...

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Bibliographic Details
Main Author: Yin, Huaxiang
Other Authors: Nanyang Business School
Format: Article
Language:English
Published: 2022
Subjects:
Online Access:https://hdl.handle.net/10356/160619
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Institution: Nanyang Technological University
Language: English
Description
Summary:Xin (2022) proposes a new approach that builds a model based on insights from laboratory findings. The model can uncover the process through which individual investor behavior drives macro-level stock market phenomena. This short discussion notes that the approach advocated by Xin (2022) allows us to easily extend the model and to incorporate other behavioral assumptions based on lab findings to understand empirical regularities that were documented in prior accounting studies.