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Learning to bid : an experimental study of bid function adjustments in auctions and fair division games
Güth, Werner; Ivanova-Stenzel, Radosveta; Königstein, … - 1999
sequencing structure of game types, game rules do matter, and directional learning theory offers a partial explanation for bid …
Persistent link: https://www.econbiz.de/10009581102
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Auctions and fair division games under different price rules : individual bid functions, prices and efficiency rates
Güth, Werner; Ivanova-Stenzel, Radosveta; Königstein, … - 1999
bidders. In our experiment participants face four auction types (first versus second price - auction versus fair division game …
Persistent link: https://www.econbiz.de/10009582405