12月30日现代产业经济学系列讲座第100期
时间：2011年12月30日（周五）13:00–14:30
地点：复旦大学管理学院（国顺路670号）思源楼326
演讲嘉宾：Dr. Huan Xie
Department of Economics, Concordia University
主题：Bubbles and Experience: An Experiment with a Steady Inflow of New Traders
主持人：产业经济学系 龚冰琳博士
嘉宾简介：Dr. Huan Xie received her PhD from University of Pittsburgh in 2008. She has been an Assistant Professor of Economics at Concordia University ever since. Her major fields are Microeconomics, Experimental Economics and Game Theory. She has been working on topics such as trust, charitable giving, bargaining, and asset pricing.
Abstract: We revisit the effect of traders' experience on price bubbles by introducing either one-third or two-thirds steady inflow of new traders in the repeated experimental asset markets. We find that bubbles are not significantly abated by the third repetition of the market with the inflow of new traders. The relative importance of experience to the formation of bubbles depends on the proportion of new traders in the market. Our findings identify a market environment where experience has no effect on price bubbles.
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