Replication data for: Sunspots in the Laboratory
收藏ICPSR2005-01-01 更新2026-04-16 收录
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资源简介:
We show that extrinsic or nonfundamental uncertainty influences markets in a controlled environment. This work provides the first direct evidence of sunspot equilibria. These equilibria require a common understanding of the semantics of the sunspot variable, and they appear to be sensitive to the flow of information. Sunspots always occur in a closed-book call market, but they happen only occasionally in a double auction, where inframarginal bids and offers are observable.
创建时间:
2005-01-01



