Replication data for: Sunspots in the Laboratory
- Duffy, John
- Fisher, Eric O'N.
AbstractWe 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.
Is supplement to
DOI: 10.1257/0002828054201350 (Text)
Duffy, John, and Eric O’N Fisher. “Sunspots in the Laboratory.” American Economic Review 95, no. 3 (May 2005): 510–29. https://doi.org/10.1257/0002828054201350.
- ID: 10.1257/0002828054201350 (DOI)
Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-12-06