In the Haruvy, Lahav and Noussair Study, the Participants Are

In the Haruvy, Lahav and Noussair study, the participants are asked to enter their prediction for the assets' market price for all remaining periods rather than just for the upcoming period. The authors find that when they do this with participants taking part in a series of markets lasting 15 periods each:

A) The peak average market price occurs in earlier rounds in later markets in keeping with the fundamental value of the asset.
B) Cause the traders to ignore the fundamental value or the current price and chase further speculative gains.
C) Lead traders to become more convinced about the rationality of other traders.
D) Prevent traders from engaging in excess trading by buying and selling more than the optimal amounts of assets.