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Cognitive Bias in the Laboratory Security Market

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  • Hidetoshi Yamaji
  • Masatoshi Gotoh

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  • Hidetoshi Yamaji & Masatoshi Gotoh, 2010. "Cognitive Bias in the Laboratory Security Market," Computational Economics, Springer;Society for Computational Economics, vol. 35(2), pages 101-126, February.
    • Handle: RePEc:kap:compec:v:35:y:2010:i:2:p:101-126
    DOI: 10.1007/s10614-009-9185-3
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    References listed on IDEAS

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    1. Plott, Charles R & Sunder, Shyam, 1982. "Efficiency of Experimental Security Markets with Insider Information: An Application of Rational-Expectations Models," Journal of Political Economy, University of Chicago Press, vol. 90(4), pages 663-698, August.
    2. Ou, Jane A. & Penman, Stephen H., 1989. "Financial statement analysis and the prediction of stock returns," Journal of Accounting and Economics, Elsevier, vol. 11(4), pages 295-329, November.
    3. Fama, Eugene F. & French, Kenneth R., 1993. "Common risk factors in the returns on stocks and bonds," Journal of Financial Economics, Elsevier, vol. 33(1), pages 3-56, February.
    4. David Hirshleifer & Siew Hong Teoh, 2003. "Herd Behaviour and Cascading in Capital Markets: a Review and Synthesis," European Financial Management, European Financial Management Association, vol. 9(1), pages 25-66, March.
    5. Fama, Eugene F, 1970. "Efficient Capital Markets: A Review of Theory and Empirical Work," Journal of Finance, American Finance Association, vol. 25(2), pages 383-417, May.
    6. David Hirshleifer, 2001. "Investor Psychology and Asset Pricing," Journal of Finance, American Finance Association, vol. 56(4), pages 1533-1597, August.
    7. Glosten, Lawrence R. & Milgrom, Paul R., 1985. "Bid, ask and transaction prices in a specialist market with heterogeneously informed traders," Journal of Financial Economics, Elsevier, vol. 14(1), pages 71-100, March.
    8. Fama, Eugene F & French, Kenneth R, 1996. "Multifactor Explanations of Asset Pricing Anomalies," Journal of Finance, American Finance Association, vol. 51(1), pages 55-84, March.
    9. Gonedes, Nj & Dopuch, N, 1974. "Capital Market Equilibrium, Information Production, And Selecting Accounting Techniques - Theoretical Framework And Review Of Empirical Work," Journal of Accounting Research, Wiley Blackwell, vol. 12, pages 48-169.
    10. Bloomfield, R & Libby, R, 1996. "Market reactions to differentially available information in the laboratory," Journal of Accounting Research, Wiley Blackwell, vol. 34(2), pages 183-207.
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    Cited by:

    1. Hidetoshi Yamaji & Masatoshi Gotoh & Yoshinori Yamakawa, 2016. "Additional Information Increases Uncertainty in the Securities Market: Using both Laboratory and fMRI Experiments," Computational Economics, Springer;Society for Computational Economics, vol. 48(3), pages 425-451, October.

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