RT Generic
T1 Uninformative announcements and asset trading behavior
A1 Corgnet, Brice
A1 Kujal, Praveen
A1 Porter, Dave
A2 Universidad Carlos III de Madrid. Departamento de Economía, 
AB Financial markets are overwhelmed by daily announcements. We use experimental asset markets to assess theimpact of uninformative communications on asset prices and trading volumes. We deliver uninformativemessages in standard experimental asset markets and find that trading volumes and prices are impacted bythese messages. In particular, the release of a pre-announced preset message to traders “The price is too high”in predetermined trading periods decreases the amplitude and duration of bubbles. Also, the release of themessages “The price is too high” or “The price is too low” reduces trading volume with inexperienced subjects.
SN 2340-5031
YR 2007
FD 2007-12
LK http://hdl.handle.net/10016/1148
UL http://hdl.handle.net/10016/1148
LA eng
LA eng
DS e-Archivo
RD 27 abr. 2024