Do Practice Rounds Affect Experimental Auction Results?

Researchers use practice rounds to familiarize participants with experimental auction mechanisms. We find a positive correlation between practice bids and bids submitted in later rounds. We consider three explanations for this correlation: a behavioral anchoring effect, a tendency for some auction participants to be more free-spending, and misconception of the experimental auction's demand revealing qualities

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Year of publication:	2014
Authors:	Corrigan, Jay R.
Other Persons:	Rousu, Matthew C. (contributor) ; Depositario, Dinah Pura (contributor)
Publisher:	[2014]: [S.l.] : SSRN
Subject:	Experiment \| Auktionstheorie \| Auction theory \| Auktion \| Auction
Description of contents:	Abstract [papers.ssrn.com]

Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economics Letters, Vol. 123, No. 1, 2014 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 27, 2014 erstellt Volltext nicht verfügbar
Source:	ECONIS - Online Catalogue of the ZBW

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