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The Informational Efficiency of Experimental Asset Markets
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The Informational Efficiency of Experimental Asset Markets (1984)The Informational Efficiency of Experimen…An Experimental Test of the Lucas Asset Pricing Model (2018)An Experimental Test of the L…Costly Information Acquisition, Social Networks and Asset Prices: Experimental Evidence (2017)Costly Information Acquisitio…EXPERIMENTAL RESEARCH ON ASSET PRICING (2013)EXPERIMENTAL RESEARCH ON ASSE…Speculative Overpricing in Asset Markets With Information Flows (2012)Speculative Overpricing in As…Naturally Occurring Markets and Exogenous Laboratory Experiments: A Case Study of The Winner's Curse (2008)Naturally Occurring Markets a…Learning by bidding (2008)Learning by biddingStock Market Quality in the Presence of a Traded Option* (2006)Stock Market Quality in the P…FUTURES MARKETS AND BUBBLE FORMATION IN EXPERIMENTAL ASSET MARKETS* (2006)FUTURES MARKETS AND BUBBLE FO…On the microstructure of price determination and information aggregation with sequential and asymmetric information arrival in an experimental asset market (2004)On the microstructure of pric…Market power in tradable emission markets: a laboratory testbed for emission trading in Port Phillip Bay, Victoria (2003)Market power in tradable emis…Forecasting dynamics and convergence to market fundamentals (1993)Forecasting dynamics and conv…Convergence to nonstationary competitive equilibria (1993)Convergence to nonstationary …Partial Revelation of Information in Experimental Asset Markets (1991)Partial Revelation of Informa…Dynamic Stock Markets with Multiple Assets: An Experimental Analysis (1991)Dynamic Stock Markets with Mu…Fiat money as a store of value in an experimental market (1989)Fiat money as a store of valu…The Effect of Sequential Information Arrival on Asset Prices: An Experimental Study (1987)The Effect of Sequential Info…EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Prospect Theory: An Analysis of Decision under Risk (1979)Prospect theory: An analysis of decision under risk (1988)Bubble Formation and (In)Efficient Markets in Learning‐to‐Forecast and optimise Experiments (2017)DETERMINANTS OF THE PERFORMANCE OF MICROFINANCE INSTITUTIONS: A SYSTEMATIC REVIEW (2018)Efficient Capital Markets: A Review of Theory and Empirical Work (1970)Bid, ask and transaction prices in a specialist market with heterogeneously informed traders (1985)The Market Value of Information: Some Experimental Results (1992)Price Leadership in the Spot Foreign Exchange Market (2002)Response-Induced Reversals of Preference in Gambling: An Extended Replication in Las Vegas (1972)A Theory of Auctions and Competitive Bidding (1982)Field Experiments (2004)Uncertainty and Industry Structure Effects on Managerial Intuition About Information Technology Real Options (2008)A little bit more value creation and a lot of less value destruction! Exploring service recovery paradox in value context: A study in travel industry (2016)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. 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  • 1987The Effect of Sequential Information Arrival on Asset Prices: An Experimental Study107 cited
  • 2006FUTURES MARKETS AND BUBBLE FORMATION IN EXPERIMENTAL ASSET MARKETS*106 cited
  • 1991Partial Revelation of Information in Experimental Asset Markets94 cited
  • 2013EXPERIMENTAL RESEARCH ON ASSET PRICING84 cited
  • 1991Dynamic Stock Markets with Multiple Assets: An Experimental Analysis81 cited
  • 1989Fiat money as a store of value in an experimental market70 cited
  • 2018An Experimental Test of the Lucas Asset Pricing Model67 cited
  • 2003Market power in tradable emission markets: a laboratory testbed for emission trading in Port Phillip Bay, Victoria66 cited
  • 2008Naturally Occurring Markets and Exogenous Laboratory Experiments: A Case Study of The Winner's Curse62 cited
  • 2008Learning by bidding59 cited
  • 2006Stock Market Quality in the Presence of a Traded Option*58 cited
  • 2017Costly Information Acquisition, Social Networks and Asset Prices: Experimental Evidence57 cited
  • 2012Speculative Overpricing in Asset Markets With Information Flows56 cited
  • 2004On the microstructure of price determination and information aggregation with sequential and asymmetric information arrival in an experimental asset market

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40 cited
  • 1993Convergence to nonstationary competitive equilibria31 cited
  • 1993Forecasting dynamics and convergence to market fundamentals30 cited