Can Relaxation of Beliefs Rationalize the Winner's Curse?: An Experimental Study
From MaRDI portal
Publication:3587014
DOI10.3982/ECTA8112zbMath1232.91311OpenAlexW1893493084WikidataQ56658244 ScholiaQ56658244MaRDI QIDQ3587014
Muriel Niederle, Dan Levin, Asen Ivanov
Publication date: 2 September 2010
Published in: Econometrica (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.3982/ecta8112
Auctions, bargaining, bidding and selling, and other market models (91B26) Experimental studies (91A90)
Related Items (12)
Cognitive ability and the effect of strategic uncertainty ⋮ Evidential equilibria: heuristics and biases in static games of complete information ⋮ Identification of first-price auctions with non-equilibrium beliefs: a measurement error approach ⋮ Bid pooling in reverse multi-unit Dutch auctions: an experimental investigation ⋮ Why are open ascending auctions popular? The role of information aggregation and behavioral biases ⋮ Hypothetical thinking and the winner's curse: an experimental investigation ⋮ On the persistence of strategic sophistication ⋮ Beliefs and endogenous cognitive levels: an experimental study ⋮ The winner's curse: conditional reasoning and belief formation ⋮ Cost of reasoning and strategic sophistication ⋮ A quantitative easing experiment ⋮ Quantal response and nonequilibrium beliefs explain overbidding in maximum-value auctions
This page was built for publication: Can Relaxation of Beliefs Rationalize the Winner's Curse?: An Experimental Study