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The Journal of Business
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Insurance Mathematics and Economics
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Insurance Mathematics and Economics
Article . 1993 . Peer-reviewed
License: Elsevier TDM
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The Journal of Business
Article . 1991 . Peer-reviewed
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https://dx.doi.org/10.1016/016...
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https://dx.doi.org/10.1086/296...
Article
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Research Papers in Economics
Article . 1991
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Information Mirages in Experimental Asset Markets

descriptionPublicationkeyboard_double_arrow_right Article 01 Jan 1991 English Publisher:University of Chicago PressJournal:The Journal of Business, volume 64, page 463 (issn: 0021-9398, eissn: 1537-5374, Copyright policy )
Authors: Camerer, Colin; Weigelt, Keith;

doi: 10.1086/296548 , 10.1016/0167-6687(93)91052-v

Information Mirages in Experimental Asset Markets

Abstract

We investigate behavior in laboratory asset markets in which traders are sometimes informed of asset values. We test whether traders overreact to uninformative trades, mistakenly inferring in-formation from them. The existence of price "mirages," caused by such mistakes, might ex-plain why asset prices seem to be excessively volatile.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
109
Top 10%
Top 1%
Average
bronze