Template-type: ReDIF-Paper 1.0

Author-Name: Kyle Hampton
Author-Name-First: Kyle
Author-Name-Last: Hampton
Author-Workplace-Name: Department of Economics, University of Alaska Anchorage

Author-Name: Paul Johnson
Author-Name-First: Paul
Author-Name-Last: Johnson
Author-Workplace-Name: Department of Economics, University of Alaska Anchorage

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

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.

Classification-JEL: A2, G22, G17

Keywords: Economic Education and Teaching of Economics, Portfolio Choice, Investment Decisions, Financial Bubbles, Asset Markets, Information and Market Efficiency

Creation-Date: 2021-11

Number: 2021-04

File-URL: http://www.econpapers.uaa.alaska.edu/RePEC/ala/wpaper/ALA202104.pdf

File-Format: Application/pdf

Handle: RePEc:ala:wpaper:2021-04