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Do Females Always Generate Small Bubbles? Experimental Evidence from U.S. and China

Jianzin Wang (), Daniel Houser () and Hui Xu ()
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Jianzin Wang: School of Business, Central South University
Hui Xu: Department of Economics, Beijing Normal University

No 1063, Working Papers from George Mason University, Interdisciplinary Center for Economic Science

Abstract: We report data from double-auction experiments in China and the U.S. using groups of exclusively females, exclusively males and mixed gender participants. We find that female groups in China generate price bubbles statistically identical to those produced by exclusively male groups in both China and the U.S., all of which are significantly larger than the bubbles produced by exclusively female groups in the U.S. Our results suggest that gender differences in financial markets may be sensitive to culture.

Keywords: gender differences; bubbles; experimental asset markets; culture differences (search for similar items in EconPapers)
JEL-codes: G01 G11 J16 Z13 (search for similar items in EconPapers)
Pages: 37
Date: 2017-07, Revised 2017-09
New Economics Papers: this item is included in nep-cna, nep-exp, nep-gen and nep-tra
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