Thar SHE Blows? Gender, Competition, and Bubbles in Experimental Asset Markets | Zendy

Catherine C. Eckel | Zendy; Sascha Füllbrunn | Zendy

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Thar SHE Blows? Gender, Competition, and Bubbles in Experimental Asset Markets

Author(s) -

Catherine C. Eckel,

Sascha Füllbrunn

Publication year - 2015

Publication title -

american economic review

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 16.936

H-Index - 297

eISSN - 1944-7981

pISSN - 0002-8282

DOI - 10.1257/aer.20130683

Subject(s) - asset (computer security) , financial market , competition (biology) , economics , monetary economics , financial economics , finance , ecology , computer security , computer science , biology

Do women and men behave differently in financial asset markets? Our results from an asset market experiment show a marked gender difference in producing speculative price bubbles. Mixed markets show intermediate values, and a meta-analysis of 35 markets from different studies confirms the inverse relationship between the magnitude of price bubbles and the frequency of female traders in the market. Women's price forecasts also are significantly lower, even in the first period. Implications for financial markets and experimental methodology are discussed. (JEL D14, D81, G01, G11, J16)

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