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

Research output: Contribution to journal › Article › Scientific › peer-review

1 Citation (Scopus)

67 Downloads (Pure)

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.",

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

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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

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JO - Economics Letters

JF - Economics Letters

ER -

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

Abstract

Keywords

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