We investigate the occurrence of bubble-crash pricing patterns in laboratory financial markets with a mixture of experienced and inexperienced traders. We find that even with a minority of experienced traders, bubbles are substantially abated.
Dufwenberg, M. (Creator), Lindqvist, T. (Creator), Moore, E. (Creator) (2005). Replication data for: Bubbles and Experience: An Experiment. ICPSR - Interuniversity Consortium for Political and Social Research. 10.3886/e116071v1