Forsythe, Robert and Palfrey, Thomas R. and Plott, Charles R.
(1982)
Asset Valuation in an Experimental Market.
Econometrica, 50
(3).
pp. 537-567.
ISSN 0012-9682.
https://resolver.caltech.edu/CaltechAUTHORS:20140220-122548702
![[img]](https://authors.library.caltech.edu/43905/1.hassmallThumbnailVersion/Asset%20Valuation%20in%20an%20Experiment%20Market.pdf)  Preview |
|
PDF
- Published Version
See Usage Policy.
602kB |
Use this Persistent URL to link to this item: https://resolver.caltech.edu/CaltechAUTHORS:20140220-122548702
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.
| Item Type: | Article |
|---|
| Related URLs: | |
|---|
| ORCID: | |
|---|
| Additional Information: | © 1982 The Econometric Society.
Reprinted in Experimental Economics, edited by Vernon L. Smith, chapter 15, pp. 352-382. Edward Elgar Publishing Ltd, U.K., 1990.
The financial support of the National Science Foundation is gratefully acknowledged. The
comments of William Brock, David Cass, Katherine Echol, Charles Holt, and James Jordan have
been helpful. We also thank George Fox for his help in conducting the experiments. |
|---|
| Group: | Social Science Working Papers |
|---|
| Funders: | | Funding Agency | Grant Number |
|---|
| NSF | UNSPECIFIED |
|
|---|
| Other Numbering System: | | Other Numbering System Name | Other Numbering System ID |
|---|
| Social Science Working Paper | 299 |
|
|---|
| Issue or Number: | 3 |
|---|
| Record Number: | CaltechAUTHORS:20140220-122548702 |
|---|
| Persistent URL: | https://resolver.caltech.edu/CaltechAUTHORS:20140220-122548702 |
|---|
| Official Citation: | Asset Valuation in an Experimental Market
Robert Forsythe, Thomas R. Palfrey and Charles R. Plott
Econometrica , Vol. 50, No. 3 (May, 1982) , pp. 537-567
Published by: The Econometric Society
Article Stable URL: http://www.jstor.org/stable/1912600 |
|---|
| Usage Policy: | No commercial reproduction, distribution, display or performance rights in this work are provided. |
|---|
| ID Code: | 43905 |
|---|
| Collection: | CaltechAUTHORS |
|---|
| Deposited By: | INVALID USER |
|---|
| Deposited On: | 20 Feb 2014 21:52 |
|---|
| Last Modified: | 22 Nov 2019 09:58 |
|---|
Repository Staff Only: item control page
