, deals with bidders' anticipated regrets from winning and from losing the auction. It exploits the stochastic properties of … the auction format and rationalizes: (i) Nash equilibrium bidding, (ii) (non-)monotone overbidding and (iii) fully cursed …

In auctions bidders are usually assumed to have rational expectations with regards to their winning probability …. However, experimental and empirical evidence suggests that agent's expectations depend on direct utility stemming from … expectations, resulting in optimism or pessimism. Optimism increases ex ante savoring, while pessimism leads to less disappointment …

with the help of two experimental manipulations. First, we compare results from a very simple common-value auction game … assistance in belief formation changes subjects' play significantly in the auction game. Overall, the results suggest that the …

pay. We analyze bidding behavior in a first-price auction in which the knowledge of the bidders about the distribution of … the first-price auction exists. …

In auctions bidders are usually assumed to have rational expectations with regards to their winning probability …. However, experimental and empirical evidence suggests that agent's expectations depend on direct utility stemming from … expectations, resulting in optimism or pessimism. Optimism increases ex ante savoring, while pessimism leads to less disappointment …

The Combinatorial Clock Auction is a two-stage auction format, which has been used to sell spectrum licenses worldwide …, then the auction is fully efficient. Unfortunately, bidders might neither bid straightforward in the clock phase nor … field in the British 4G auction in 2013 and the Canadian 700 MHz auction in 2014, where the bids were made public. The data …