The results from three different experiments on asset markets are reported. All three experiments focus on empirical patterns in the price discovery process. The results of the experiments show that: (a) asset prices track fundamentals more closely at a peak than at a trough in fundamentals, (b) a nominal deflationary price shock exerts a greater effect on real asset prices than an inflationary shock, and (c) a share repurchase increases asset price by more than a new share issue of equal magnitude.