McCarter, Matthew W.; Winn, Abel M. - Economic Science Institute (ESI), Argyros School of … - 2013
success: auction fever. Congruent with rational irrationality theory, we find evidence that the frequency and severity of … auction fever decreases as the stakes increase, calling into question the economic significance of the phenomenon. In Study 1 … fever”. In Study 3, we compare the frequency of auction fever between an English auction institution (where only the winner …