Econometrica Vol. 50 No. 3 1982
Asset Valuation in an Experimental Market
Abstract
The time path of asset prices is studied within a stationary experimental environment. After several replications prices converge to a perfect foresight equilibrium. A sequential market having an "informational trap" and a futures market are also studied.
- DOI
- 10.2307/1912600
- Volume
- 50
- Issue
- 3
- Pages
- 537
- Sources
- bibtex:phds-export.bib crossref openalex