Kaivik: A Free Online Asset Market Cellphone Interface Experiment with Financial Bubbles

Kyle Hampton and Paul Johnson
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Kyle Hampton: Department of Economics, University of Alaska Anchorage
Paul Johnson: Department of Economics, University of Alaska Anchorage

No 2021-04, Working Papers from University of Alaska Anchorage, Department of Economics

Abstract: The authors present Kaivik, a free online asset auction classroom experiment platform that works with cellphones. Students use cellphones to trade units of a financial asset (shares in a single company) by submitting bid and ask prices plus the number of asset units they are offering to buy or sell per transaction. In this "order book" system the liquidity of the asset market at any point in time is variable. Trading can generate asset market bubbles. Instructors set key experiment parameters. Results are recorded and can be presented on a screen for discussion. Students are given an experiment report template to complete.

Keywords: Economic Education and Teaching of Economics; Portfolio Choice; Investment Decisions; Financial Bubbles; Asset Markets; Information and Market Efficiency (search for similar items in EconPapers)
JEL-codes: A2 G17 G22 (search for similar items in EconPapers)
Date: 2021-11
New Economics Papers: this item is included in nep-cfn, nep-exp and nep-fle
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Persistent link: https://EconPapers.repec.org/RePEc:ala:wpaper:2021-04

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