auction framework. This game induces subjects to fall prey into the paradigm of escalation, which is driven by agents …

In Chinese A-share IPO's the bulk of available stock is allocated to investors via a lottery. Since the probability of …), the payoff structure of participating in an IPO resembles a game. We solve a simple version of the game for the static … Nash equilibrium in continuous strategies and derive the optimal IPO deposit for an arbitrary number of investors with …