NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

'Lucas' In The Laboratory

Elena Asparouhova, Peter Bossaerts, Nilanjan Roy, William Zame

NBER Working Paper No. 19068
Issued in May 2013

---- Acknowledgements -----

Financial support from Inquire Europe, the Hacker Chair at the California Institute of Technology (Caltech), and the Development Fund of the David Eccles School of Business at the University of Utah is gratefully acknowledged. Zame thanks EIEF for support and hospitality. The paper benefited from discussions during presentations at many academic institutions and conferences. Comments from Klaus Adam, Robert Bloomfield, Luis Braido, Darrell Duffie, John Duffy, Burton Hollifield, Hanno Lustig, Ramon Marimon, Richard Roll, Jose Sheinkman, Jason Shachat, Shyam Sunder, Stijn van Nieuwerburgh and Michael Woodford were particularly helpful. Elena Asparouhova acknowledges support from the National Science Foundation (grant SES-1061844). The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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