Gender and bubbles in experimental markets with positive and negative expectation feedback

We investigate the effect of gender on the price deviation (bubble) from the fundamental value in a learning-to-forecast experiment. Our results show that gender plays a more prominent role in markets with positive expectation feedback than in markets with negative feedback. In both types of markets...

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Main Authors: Lu, Zhou, Bao, Te, Yu, Xiaohua
其他作者: School of Social Sciences
格式: Article
語言:English
出版: 2022
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在線閱讀:https://hdl.handle.net/10356/161080
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機構: Nanyang Technological University
語言: English
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總結:We investigate the effect of gender on the price deviation (bubble) from the fundamental value in a learning-to-forecast experiment. Our results show that gender plays a more prominent role in markets with positive expectation feedback than in markets with negative feedback. In both types of markets, market prices tend to depart more from the fundamental values when there are more male participants in the market.