Learning direction theory and the winner's curse

DOI10.1007/s10683-005-1407-5zbMath1137.91364OpenAlexW2115164664MaRDI QIDQ816739

Reinhard Selten, Ricarda Cox, Klaus Abbink

Publication date: 23 February 2006

Published in: Experimental Economics (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/10419/78393

zbMATH Keywords

learningexperimental economicsindividual decision making

Mathematics Subject Classification ID

Decision theory (91B06) Memory and learning in psychology (91E40)

Related Items (16)

Learning from inferred foregone payoffs ⋮ Experimental investigation of stationary concepts in cyclic duopoly games ⋮ Multiagent system simulations of treasury auctions ⋮ Learning in experimental \(2\times 2\) games ⋮ Trimming extreme reports in preference aggregation ⋮ Bidding `as if' risk neutral in experimental first price auctions without information feedback ⋮ Iterated regret minimization: a new solution concept ⋮ On the robustness of the winner's curse phenomenon ⋮ Impulse balance equilibrium and feedback in first price auctions ⋮ Impulse balance in the newsvendor game ⋮ Games of competition in a stochastic environment ⋮ Games played through agents in the laboratory -- a test of Prat \& Rustichini's model ⋮ Imitation and luck: An experimental study on social sampling ⋮ Multiagent system simulations of signal averaging in English auctions with two-dimensional value signals ⋮ Learning in networks -- an experimental study using stationary concepts ⋮ Individual behavior of first-price auctions: the importance of information feedback in computerized experimental markets

Uses Software

• RatImage

Cites Work

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• Foregone with the wind: Indirect payoff information and its implications for choice
• Prospect Theory: An Analysis of Decision under Risk
• Price Formation in Single Call Markets
• Experience-weighted Attraction Learning in Normal Form Games
• Myopic Loss Aversion and the Equity Premium Puzzle

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