Overpricing and stake size: On the robustness of results from experimental asset markets

M.G. Kocher; P. Martinsson; David Schindler

doi:10.1016/j.econlet.2017.02.035

Overpricing and stake size: On the robustness of results from experimental asset markets

M.G. Kocher, P. Martinsson, David Schindler

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Abstract

We assess the effects of a stake size variation on experimental asset markets. Our results show that a fivefold increase in stake size leads to higher trading frequencies. Mispricing and overpricing, however, are not fundamentally different for different stake sizes.

Original language	English
Pages (from-to)	104-104
Journal	Economics Letters
Volume	154
DOIs	https://doi.org/10.1016/j.econlet.2017.02.035
Publication status	Published - May 2017
Externally published	Yes

Keywords

experimental finance
incentives
traders
bubbles

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10.1016/j.econlet.2017.02.035

Kocher, Martinsson, Schindler, Economics Letters, Published VersionFinal published version, 364 KBLicence: Unspecified

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title = "Overpricing and stake size: On the robustness of results from experimental asset markets",

abstract = "We assess the effects of a stake size variation on experimental asset markets. Our results show that a fivefold increase in stake size leads to higher trading frequencies. Mispricing and overpricing, however, are not fundamentally different for different stake sizes.",

keywords = "experimental finance, incentives, traders, bubbles",

author = "M.G. Kocher and P. Martinsson and David Schindler",

year = "2017",

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AU - Schindler, David

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AB - We assess the effects of a stake size variation on experimental asset markets. Our results show that a fivefold increase in stake size leads to higher trading frequencies. Mispricing and overpricing, however, are not fundamentally different for different stake sizes.

KW - experimental finance

KW - incentives

KW - traders

KW - bubbles

U2 - 10.1016/j.econlet.2017.02.035

DO - 10.1016/j.econlet.2017.02.035

M3 - Article

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VL - 154

SP - 104

EP - 104

JO - Economics Letters

JF - Economics Letters

ER -

Overpricing and stake size: On the robustness of results from experimental asset markets

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Keywords

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