Learning in speculative bubbles: Theory and experiment
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DOI: 10.1016/j.jebo.2021.01.009
Abstract: Abstract Does learning reduce or fuel speculative bubbles? We study this issue in the context of the Bubble Game proposed by Moinas and Pouget (2013). Our theoretical analysis based on adaptive learning shows that i)… read more here.
Keywords: bubbles theory; learning speculative; speculative bubbles; theory experiment ... See more keywords