Overbidding in sealed-bid second-price auctions (SPAs) has been shown to be persistent and associated with cognitive … 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 …

Overbidding in second-price auctions (SPAs) has been shown to be persistent and associated with cognitive ability. We … study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account cognitive skills … cognitively less able participants but does not affect overbidding for the cognitively more able. Vice versa, experiencing SPAs …

Auctions often involve goods exhibiting a common knowledge ex-post risk. Precautionary bidding predicts that under … expected utility, ex-post risk leads DARA bidders to reduce their bids by more than the appropriate risk premium. Because the … degree of riskiness of the good, and bidders risk aversion, are difficult to observe in field settings, we conduct …