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

37 Pages Posted: 7 Sep 2017  

Jianxin Wang

Central South University

Daniel Houser

George Mason University - Department of Economics

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

Jianxin Wang (Contact Author)

Central South University ( email )

Changsha, Hunan 410083
China

Daniel Houser

George Mason University - Department of Economics ( email )

4400 University Drive
Fairfax, VA 22030
United States

Hui Xu

Beijing Normal University ( email )

Beijing
China

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