When the laboratory environments are asymmetrical, the bubbles which there is more insider subjects is smaller than those which there is less insider subjects, but there is Herd Instinct in the noise asymmetric information market.
2、信息不完全对称市场下,内幕消息可以在市场上传递,内幕消息交易者越多,汇率泡沫越小;但在存在有噪声的内幕消息时,可能出现“羊群效应”。
参考来源 - 汇率泡沫在实验性外汇市场中的解释N（名词） the inborn tendency to associate with others and follow the group's behaviour 从众本能 [psychol]