Hypothetical thinking and the winner's curse: an experimental investigation

DOI10.1007/s11238-019-09693-9zbMath1411.91258OpenAlexW3123259295MaRDI QIDQ2424334

Johannes Moser

Publication date: 24 June 2019

Published in: Theory and Decision (Search for Journal in Brave)

Full work available at URL: http://www.bgpe.de/texte/DP/176_Moser.pdf

zbMATH Keywords

winner's cursecursed equilibriumhypothetical thinking

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Experimental studies (91A90)

Uses Software

• Z-Tree
• ORSEE

Cites Work

• Quantal response and nonequilibrium beliefs explain overbidding in maximum-value auctions
• The winner's curse: conditional reasoning and belief formation
• Conditional Reasoning
• Can Relaxation of Beliefs Rationalize the Winner's Curse?: An Experimental Study
• A Comment on “Can Relaxation of Beliefs Rationalize the Winner's Curse?: An Experimental Study”
• Cursed Equilibrium
• Level-k Auctions: Can a Nonequilibrium Model of Strategic Thinking Explain the Winner's Curse and Overbidding in Private-Value Auctions?
• Consistent Tests for Stochastic Dominance

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