Econometrica

Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Econometrica: May, 1982, Volume 50, Issue 3

Asset Valuation in an Experimental Market

https://www.jstor.org/stable/1912600
p. 537-568

Charles R. Plott, Robert Forsythe, Thomas R. Palfrey

The time path of asset prices is studied within a stationary experimental environment. After several replications prices converge to a perfect foresight equilibrium. A sequential market having an "informational trap" and a futures market are also studied.


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