A Summary of the Studies on Asset Price Bubbles

Since the 1950s,scholars concerned have had a better understanding of the concept of bubbles and constantly new approaches have emerged.In the latest studies on finance,behavioral finance and experimental finance have become good approaches either in theory or in practice.Though the theory of behavioral finance is still under development,it has been universally acknowledged that its interpretation of the actual financial market holds water.As for the evaluation of the financial bubbles,the existing research methods are based on economic metrology while experimental economics has provided a new model for the study of financial market bubbles.