Table AII. Open in new tab Average...

Table AII.

Average bubble measures comparing HM treatment and Corgnet, Kujal, and Porter (2010)’s baseline sessions with random dividend

^aMWW stands for the Mann–Whitney–Wilcoxon test.

	Session	Amplitude	Duration	Haessel-R²	NAV	NAP	Upward trend	Num transactions	Turnover
House Money	1	0.58	9	0.65	59	4.7	3	334	7.4
	2	1.19	13	0.38	130	13.4	11	473	10.5
	3	0.53	3	0.82	25	2.1	2	194	4.3
	4	1.05	14	0.48	116	7.7	9	355	7.9
	5	0.85	4	0.35	53	4.7	4	220	4.9
	6	0.28	5	0.95	19	3.1	1	359	8.0
	7	0.49	7	0.81	66	3.0	2	342	5.4
	8	0.90	6	0.00	95	8.1	6	223	5.0
	9	1.73	11	0.72	194	14.7	11	374	8.3
	10	0.76	10	0.84	70	2.5	3	179	4.0

Corgnet et al.	N11	1.08	9	0.33	119	10.9	5	121	5.5
	N21	1.37	12	0.10	137	9.5	9	132	6.0
	N31	1.33	5	0.59	134	13.2	5	143	6.5

House Money	Average	0.84	8	0.60	83	6.4	5	295	6.7
	Median	0.80	8	0.68	68	4.7	4	288	6.4

Corgnet et al.	Average	1.26	9	0.34	130	11.2	6	132	6.0
	Median	1.33	9	0.33	134	10.9	5	132	6.0

MWW^a (p-values)		0.06	0.87	0.13	0.06	0.13	0.44	–	>0.99

	Session	Amplitude	Duration	Haessel-R²	NAV	NAP	Upward trend	Num transactions	Turnover
House Money	1	0.58	9	0.65	59	4.7	3	334	7.4
	2	1.19	13	0.38	130	13.4	11	473	10.5
	3	0.53	3	0.82	25	2.1	2	194	4.3
	4	1.05	14	0.48	116	7.7	9	355	7.9
	5	0.85	4	0.35	53	4.7	4	220	4.9
	6	0.28	5	0.95	19	3.1	1	359	8.0
	7	0.49	7	0.81	66	3.0	2	342	5.4
	8	0.90	6	0.00	95	8.1	6	223	5.0
	9	1.73	11	0.72	194	14.7	11	374	8.3
	10	0.76	10	0.84	70	2.5	3	179	4.0

Corgnet et al.	N11	1.08	9	0.33	119	10.9	5	121	5.5
	N21	1.37	12	0.10	137	9.5	9	132	6.0
	N31	1.33	5	0.59	134	13.2	5	143	6.5

House Money	Average	0.84	8	0.60	83	6.4	5	295	6.7
	Median	0.80	8	0.68	68	4.7	4	288	6.4

Corgnet et al.	Average	1.26	9	0.34	130	11.2	6	132	6.0
	Median	1.33	9	0.33	134	10.9	5	132	6.0

MWW^a (p-values)		0.06	0.87	0.13	0.06	0.13	0.44	–	>0.99