Wyvern Moblab ✪

Mobile laboratories (MobLab) have revolutionized the teaching of economics by allowing students to participate in real-time strategic interactions. However, standard market experiments often rely on static assets with fixed dividend structures. This paper proposes a dynamic asset market experiment centered on a "Wyvern" (a mythical dragon-like creature).

If the growth rate ($g$) is set sufficiently high relative to the hazard rate ($\lambda$), the asset price may detach from fundamental value. As students observe prices rising, momentum trading may override risk assessment, creating a bubble that inevitably bursts when the hazard eventually strikes a large portion of the class. wyvern moblab

The Wyvern MobLab: Redefining the Portable Mobile Development Environment momentum trading may override risk assessment