Search Results - subject:"winners€™s curse"

Bounded awareness: what you fail to see can hurt you

Chugh, Dolly; Bazerman, Max - In: Mind and Society: Cognitive Studies in Economics and … 6 (2007) 1, pp. 1-18

Persistent link: https://www.econbiz.de/10005040778

Preferences and decision errors in the winner’s curse

Garbarino, Ellen; Slonim, Robert - In: Journal of Risk and Uncertainty 34 (2007) 3, pp. 241-257

The problem of asymmetric information causes a winner’s curse in many environments. Given many unsuccessful attempts to … eliminate it, we hypothesize that some people ‘prefer’ the lotteries underlying the winner’s curse. Study 1 shows that after … removing the hypothesized cause of error, asymmetric information, half the subjects still prefer winner’s curse lotteries …

Persistent link: https://www.econbiz.de/10005678148

Optimal Common Value Auctions with Asymmetric Bidders

Singh, Rajdeep; Povel, Paul - Econometric Society - 2004

How do informational asymmetries between bidders affect the outcome of common value auctions? Should the seller accept bids from bidders with more precise information? If so, under what conditions? What effect do such asymmetries have on the seller’s expected revenue? We analyze these...

Persistent link: https://www.econbiz.de/10005699653

Individuals and teams in UMTS-license auctions

Sutter, Matthias; Kocher, Martin; Sabine Strau? - Institut für Finanzwissenschaft, Fakultät für …

winner?s curse. The auction?s efficiency is nevertheless higher with teams, since the bidders with the highest valuation are …

Persistent link: https://www.econbiz.de/10005432661

Can Relaxation of Beliefs Rationalize the Winner’s Curse?: An Experimental Study

Ivanov, Asen; Levin, Dan; Niederle, Muriel - Department of Economics, School of Business

We use a second-price common-value auction, the maximal game, to experimentally study whether the Winner’s Curse (WC …

Persistent link: https://www.econbiz.de/10005481561