Level-k Auctions: Can a Nonequilibrium Model of Strategic Thinking Explain the Winner's Curse and Overbidding in Private-Value Auctions? (Q5443639)
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scientific article; zbMATH DE number 5237867
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Level-k Auctions: Can a Nonequilibrium Model of Strategic Thinking Explain the Winner's Curse and Overbidding in Private-Value Auctions? |
scientific article; zbMATH DE number 5237867 |
Statements
Level-k Auctions: Can a Nonequilibrium Model of Strategic Thinking Explain the Winner's Curse and Overbidding in Private-Value Auctions? (English)
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21 February 2008
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common-value auctions
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winner's curse
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overbidding
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bounded rationality
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level-\(k\) model
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nonequilibrium strategic thinking
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behavioral game theory
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experiments
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