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Financial Crisis and Panic in the Laboratory

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Experimental Economics

Abstract

Thousands of depositors crowd in the door of a bank branch. “Where is our money?” they shout enraged. “We want our money back!” The scene, besides being part of the classic movie “It’s a wonderful life” (Frank Capra, 1946), reflects a reality that many people believed distant but that has re-arisen strongly in recent years. We refer to bank runs.

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© 2016 Hubert János Kiss, Ismael Rodriguez-Lara and Alfonso Rosa-Garcia

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Kiss, H.J., Rodriguez-Lara, I., Rosa-Garcia, A. (2016). Financial Crisis and Panic in the Laboratory. In: Branas-Garza, P., Cabrales, A. (eds) Experimental Economics. Palgrave Macmillan, London. https://doi.org/10.1057/9781137538161_5

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