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Overbidding in sealed-bid second-price auctions (SPAs) has been shown to be persistent and associated with cognitive ability. We study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account cognitive skills. Employing an order-balanced design, we...
Persistent link: https://www.econbiz.de/10014476711
of transparency in an incentivized experiment. Transparency leads to less promise breaking but also to less generous …
Persistent link: https://www.econbiz.de/10014481101