Bidding Behavior in the Price is Right Game: an Experimental Study.

In this paper, we present the design and the results of an experiment in which subjects participate in a bidding game identical to the one seen on the television game show "The Price is Right". Four players make sequential guesses about the price of an item, and the player whose guess is closest to, but without exceeding, the price, wins the item.

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Year of publication:	2000-02
Authors:	Healy, P. ; Noussair, C.
Institutions:	Krannert School of Management, Purdue University
Subject:	PRICES \| EXPERIMENTS \| GAME THEORY

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Series:	Purdue University Economics Working Papers.
Type of publication:	Book / Working Paper
Notes:	31 pages
Classification:	C7 - Game Theory and Bargaining Theory ; C9 - Design of Experiments
Source:	RePEc - Research Papers in Economics

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