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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/10012668312
We investigate the role of information feedback in rent-seeking games with two different contest structures. In the …
Persistent link: https://www.econbiz.de/10009618920
Persistent link: https://www.econbiz.de/10010360136
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strategy relative to more traditional learning dynamics, and establish that, paradoxically, when sellers are strategic, the …
Persistent link: https://www.econbiz.de/10012065183
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
Persistent link: https://www.econbiz.de/10013368302
portfolio adjustment dynamics which is based on learning direction theory shows that adaptive value-style investing and path …
Persistent link: https://www.econbiz.de/10012233240
Faster trading improves liquidity in periodic call auction markets, in contrast to continuous-timemarkets. We build a model where high-frequency traders (HFTs) engage in duels to trade onstale quotes. More frequent periodic auctions increase the likelihood that a single HFT arrives inany given...
Persistent link: https://www.econbiz.de/10012855696
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