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Bets and Bids : Favorite-Longshot Bias and Winner's Curse

Potters, Jan; Wit, J. - Tilburg University, Center for Economic Research - 1996

A well-documented anomaly in racetrack betting is that the expected return per dollar bet on a horse increases with the probability of the horse winning. This so-called favorite-longshot bias is at odds with the presumptions of market efficiency.We show that the bias is consistent with betters...

Persistent link: https://www.econbiz.de/10011090956

Elicited Bid Functions in a (a)Symmetric First-Price Auctions

Pezanis-Christou, P.; Sadrieh, A. - Tilburg University, Center for Economic Research - 2003

We report on a series of experiments that examine bidding behavior in first-price sealed bid auctions with symmetric …

Persistent link: https://www.econbiz.de/10011091613

Auctions with Options to Re-auction

Grant, S.; Kajii, A.; Menezes, F.; Ryan, M. - Tilburg University, Center for Economic Research - 2002

We examine the role of seller bidding and reserve prices in an infinitely repeated independent-private-value (IPV … that the optimal phantom bidding strategy for the seller is revenue-equivalent to a commitment to an optimal public reserve …

Persistent link: https://www.econbiz.de/10011092030

An Adaptable Variable Neighborhood Search for the Vehicle Routing Problem with Order Outsourcing

Huijink, S.; Kant, G.; Peeters, M.J.P. - Tilburg University, Center for Economic Research - 2014

Vehicle Routing Problem with Private Fleet and Common Carrier. In this variant of the Vehicle Routing Problem, orders are …

Persistent link: https://www.econbiz.de/10011092394