Search Results - subject:"Winner's curse"

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Raising bidders' awareness in second-price auctions

Li, Ying Xue; Schipper, Burkhard - 2024

public awareness together with no versus full information. We discuss the winner's curse due to unawareness of …

Persistent link: https://www.econbiz.de/10015405160

Acquisition experience and the winner's curse in corporate acquisitions

Arroyabe, M. F.; Hussinger, Katrin - 2023

Persistent link: https://www.econbiz.de/10014382458

A comment on the common-probability auction puzzle (2023)

Eissa, Yasmine; Rosmer, Paul; Yap, Luther - 2023

Ngangoué and Schotter (2023) investigate common-probability auctions. By running an experiment, they find that, in contrast to the substantial overbidding found in common-value auctions, bidding in strategically equivalent common-probability auctions is consistent with the Nash equilibrium. We...

Persistent link: https://www.econbiz.de/10014371860

Negative results in science : blessing or (winner's) curse?

Bobtcheff, Catherine; Levy, Raphaël; Mariotti, Thomas - 2022

Persistent link: https://www.econbiz.de/10012813812

Inference on winners

Andrews, Isaiah; Kitagawa, Toru; McCloskey, Adam - 2020

on historical data. Such settings give rise to a winner's curse, where conventional estimates are biased and conventional … valid conditional on the target selected and so overcome this winner's curse. If one requires validity only on average over …

Persistent link: https://www.econbiz.de/10012621120

The winner's curse on art markets

Kräussl, Roman; Mirgorodskaya, Elizaveta - 2020

We investigate the effect of overreaction in the fine art market. Using a unique sample of auction prices of modern prints, we define an overvalued (undervalued) print as a print that was bought for a price above (below) its high (low) auction pricing estimate. Based on the overreaction...

Persistent link: https://www.econbiz.de/10012520357