Experience Weighted Attraction in the First Price Auction and Becker Degroot Marschak

In this paper we explore the performance of Experience Weighted Attraction (EWA) in two different auction institutions: First Price Sealed Bid, and Becker-DeGroot-Marschak. Our results suggest that learning has some promise as a possible explanation for previously documented cross-institutional choice anomalies usually attributed to risk aversion. Additionally, we present results on the likely econometric (ir)recoverability of EWA parameters in these institutions

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Year of publication:	[2008]
Authors:	James, Duncan
Other Persons:	Reagle, Derrick (contributor)
Publisher:	[2008]: [S.l.] : SSRN
Subject:	Auktionstheorie \| Auction theory \| Experiment

Extent:	1 Online-Ressource (39 p)
Series:	Fordham University Department of Economics Discussion Paper ; No. 2008-04
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 1, 2008 erstellt
Other identifiers:	10.2139/ssrn.1100988 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012725320