Crossmark

Forecasting returns instead of prices exacerbates financial bubbles

Crossref DOI link: https://doi.org/10.1007/s10683-023-09815-9

Published Online: 2025-03-14

Published Print: 2023-11

Update policy: https://doi.org/10.1007/springer_crossmark_policy

Authors

Hanaki, Nobuyuki https://orcid.org/0000-0003-3127-690X
Hommes, Cars https://orcid.org/0000-0002-2260-2665
Kopányi, Dávid https://orcid.org/0000-0002-4613-5168
Kopányi-Peuker, Anita https://orcid.org/0000-0002-3033-2597
Tuinstra, Jan https://orcid.org/0000-0001-6156-4940
Funding

Funding for this research was provided by:

agence nationale de la recherche (ANR-15-ORAR-0004)

agence nationale de la recherche (ANR-15-IDEX-01)

nederlandse organisatie voor wetenschappelijk onderzoek (NWO 464-15-143)

japan society for the promotion of science (15H05728)

japan society for the promotion of science (18K19954)

japan society for the promotion of science (20H05631)

Japan Society for the Promotion of Science (23H00055)
License Information

License valid from 2025-03-14

Text and Data Mining valid from 2023-11-01

Version of Record valid from 2023-12-01
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Article History

Received: 12 July 2021

Revised: 2 November 2023

Accepted: 2 November 2023

First Online: 1 December 2023

Declarations

:

: Not applicable.

: When registering for the experiment, subjects gave their consent to participate.

: Publication of the manuscript has been approved by all co-authors.

: Ethics approval was given by the University of Amsterdam.