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Private value takeover auctions with toeholds : an experimental study

Dodonova, Anna; Khoroshilov, Yuri - In: Games 12 (2021) 2, pp. 1-10

This paper presents the results of an experimental study of takeover auctions with toeholds. Consistent with the theory …

Persistent link: https://www.econbiz.de/10012547676

Cross-game learning and cognitive ability in auctions

Giebe, Thomas; Ivanova-Stenzel, Radosveta; Kocher, Martin; … - 2021

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. Employing an order-balanced design, we use...

Persistent link: https://www.econbiz.de/10012668312

Cross-game learning and cognitive ability in auctions

Giebe, Thomas; Ivanova-Stenzel, Radosveta; Kocher, Martin; … - 2022

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 cognitive skills. Employing an order-balanced design, we...

Persistent link: https://www.econbiz.de/10014476711

Learning and the Possibility of Losing Own Money Reduce Overbidding : Delayed Payment in Experimental Auctions

Zhang, Yu Yvette - 2017

received a cash endowment two weeks after the experiment day and had to use their own money to pay the experimental loss (if … any) on the experiment day. We compared the effect of delayed payment on overbidding in the induced value SPAs with the … conventional “on-the-spot” payment mechanism when the subjects received an endowment on the experiment day, and the prepaid …

Persistent link: https://www.econbiz.de/10012971336

Rationalizing (Non-)Equilibrium Bidding in Maximum-Value Auctions Without Beliefs About Others’ Behavior

Pezanis-Christou, Paul - 2019

We propose a novel approach to the modelling of second-price Maximum-Value auctions that assumes no belief about others' behavior and no expected profit maximization. This individual decision-making model, naïve Impulse Balance Equilibrium or nIBE, deals with bidders' anticipated regrets from...

Persistent link: https://www.econbiz.de/10012896753

Bidding behavior and experience in internet auctions

Pownall, Rachel A. J.; Wolk, Leonard - In: European economic review : EER 61 (2013), pp. 14-27

Persistent link: https://www.econbiz.de/10009762390

Markets as a structural solution to knowledge-sharing dilemmas

Maciejovsky, Boris; Budescu, David V. - In: Organizational behavior and human decision processes : … 120 (2013) 2, pp. 154-167

Persistent link: https://www.econbiz.de/10009724622

Asymmetric information in auctions : are resellers better appraisers?

Koptyug, Nikita - 2016

This paper shows that in online car auctions, resellers are better at appraising the value of the cars they are bidding on than are consumers. Using a unique data set of online car auctions, I show that differences in bidding behavior between resellers and consumers can be explained by...

Persistent link: https://www.econbiz.de/10011430656

Auctions in near-continuous time

Deck, Cary A.; Wilson, Bart J. - In: Experimental economics : a journal of the Economic … 23 (2020) 1, pp. 110-126

Persistent link: https://www.econbiz.de/10012224675

Cross-Game Learning and Cognitive Ability in Auctions

Giebe, Thomas; Kocher, Martin; Schudy, Simeon; … - 2021

Persistent link: https://www.econbiz.de/10013314693