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study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account cognitive skills … losses from high bids are more salient than in SPAs. Experience in FPAs causes substantial cross-game learning for … bid shading by cognitively more able participants, resulting in lower profits in FPAs. Thus, cross-game learning has the …
Persistent link: https://www.econbiz.de/10013314693
Perceived urgency and regret are common in many sequential search processes; for example, sellers often pressure buyers in search of the best offer, both time-wise and in terms of potential regret of forgoing unique purchasing opportunities. Theoretically, these strategies result in anticipated...
Persistent link: https://www.econbiz.de/10012599209
line with a reinforcement learning model, we find that subjects who won a random lottery took significantly more risk in a …
Persistent link: https://www.econbiz.de/10012614686
line with a reinforcement learning model, we find that subjects who won a random lottery took significantly more risk in a …
Persistent link: https://www.econbiz.de/10012657976
line with a reinforcement learning model, we find that subjects who won a random lottery took significantly more risk in a …
Persistent link: https://www.econbiz.de/10012658258
line with a reinforcement learning model, we find that subjects who won a random lottery took significantly more risk in a …
Persistent link: https://www.econbiz.de/10012659967
study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account cognitive skills … losses from high bids are more salient than in SPAs. Experience in FPAs causes substantial cross-game learning for … bid shading by cognitively more able participants, resulting in lower profits in FPAs. Thus, cross-game learning has the …
Persistent link: https://www.econbiz.de/10012799696
ability. We study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account …-game learning for cognitively less able participants but does not affect overbidding for the cognitively more able. Vice versa …, 'cross-game learning' may rather be understood as 'cross-game transfer', as it has the potential to benefit bidders with …
Persistent link: https://www.econbiz.de/10014467730
Perceived urgency and regret are common in many sequential search processes; for example, sellers often pressure buyers in search of the best offer, both time-wise and in terms of potential regret of forgoing unique purchasing opportunities. theoretically, these strategies result in anticipated...
Persistent link: https://www.econbiz.de/10014467769
line with a reinforcement learning model, we find that subjects who won a random lottery took significantly more risk in a …
Persistent link: https://www.econbiz.de/10012657858