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

37 Pages Posted: 7 Sep 2017

See all articles by Jianxin Wang

Jianxin Wang

Central South University; George Mason University, Department of Economics, Students; George Mason University - Interdisciplinary Center for Economic Science (ICES)

Daniel Houser

Interdisciplinary Center for Economic Science

Hui Xu

Beijing Normal University

Date Written: September 6, 2017

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

JEL Classification: G01, G11, J16, Z13

Suggested Citation

Wang, Jianxin and Houser, Daniel and Xu, Hui, Do Females Always Generate Small Bubbles? Experimental Evidence from U.S. and China (September 6, 2017). GMU Working Paper in Economics No. 17-30, Available at SSRN: https://ssrn.com/abstract=3033418 or http://dx.doi.org/10.2139/ssrn.3033418

Jianxin Wang (Contact Author)

Central South University ( email )

Changsha, Hunan 410083
China

George Mason University, Department of Economics, Students ( email )

Fairfax, VA
United States

George Mason University - Interdisciplinary Center for Economic Science (ICES) ( email )

Vernon Smith Hall, 3434 Washington Blvd. North, 5t
Arlington, VA 22201
United States

Daniel Houser

Interdisciplinary Center for Economic Science ( email )

5th Floor, Vernon Smith Hall
George Mason University
Arlington, VA 22201
United States
7039934856 (Phone)

HOME PAGE: http://mason.gmu.edu/~dhouser/

Hui Xu

Beijing Normal University ( email )

No.19 Xinwai Str
Haidian District
Beijing, 100875
China

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