Sniping to Avoid the Endowment Eect in Auctions

An endowment effect can result in both multiple bidding and sniping in auctions. It can cause players to bid multiple times and overpay for items. Sniping is a rational response for experienced bidders looking to avoid the endowment effect.

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Year of publication:	2009-09
Authors:	Cotton, Christopher
Institutions:	Department of Economics, School of Business
Subject:	auction \| eBay \| multiple bidding \| sniping \| endowment effect

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Published Number 2010-13 6 pages
Classification:	D44 - Auctions ; D83 - Search, Learning, Information and Knowledge
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008472151