Does market experience eliminate market anomalies?
Sportscard show, 148 subjects (74 dealers, 74 non-dealers), two memorabilia items of similar value; dealers traded at 43.6 and 45.7 per cent; inexperienced non-dealers (fewer than 6 trades a month) 3 of 44 (6.8 per cent), experienced non-dealers 14 of 30 (46.7 per cent); 53 subjects in a follow-up a year later, of those who increased trading 13 of 21 (62 per cent) traded.
Sportscard show, 148 subjects (74 dealers, 74 non-dealers), two memorabilia items of similar value; dealers traded at 43.6 and 45.7 per cent; inexperienced non-dealers (fewer than 6 trades a month) 3 of 44 (6.8 per cent), experienced non-dealers 14 of 30 (46.7 per cent); 53 subjects in a follow-up a year later, of those who increased trading 13 of 21 (62 per cent) traded.
Written from the full text read 2026-10-12.
What our sources record
Reproduced as it was written when this source was checked, figures and all.
doi:10.1162/00335530360535144. Full text read: sportscard show, 148 subjects (74 dealers, 74 non-dealers), two memorabilia items of similar value; dealers traded at 43.6 and 45.7 per cent; inexperienced non-dealers (fewer than 6 trades a month) 3 of 44 (6.8 per cent), experienced non-dealers 14 of 30 (46.7 per cent); 53 subjects in a follow-up a year later, of those who increased trading 13 of 21 (62 per cent) traded.