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Communication Dans Un Congrès Année : 2016

How Do Markets React to Un(expected) Fundamental Shocks? An Experimental Analysis

Résumé

We perform a market experiment to investigate how prices react to the new information. Specifically, westudy experimentally the impact of expected/unexpected fundamental value shocks in an asset market. Subjects were involved in two consecutive experimental markets, market 1 and market 2, with a constant fundamental value as in Noussairet al.(2001).Market 2is similar to the one studied by Weber and Welfens (2007) in which the fundamental value is stochastic.
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Dates et versions

hal-02073087 , version 1 (19-03-2019)

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  • HAL Id : hal-02073087 , version 1

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Wael Bousselmi, Patrick Sentis, Marc Willinger. How Do Markets React to Un(expected) Fundamental Shocks? An Experimental Analysis. 33RD AFII Conference (Association Française de Finance), HEC-Management School of Liège, May 2016, Liège, Belgium. ⟨hal-02073087⟩
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