Dyer, Douglas; Kagel, John H. - In: Management Science 42 (1996) 10, pp. 1463-1475
Experienced construction industry executives suffer from a winner's curse in laboratory common value auction markets (Dyer et al. [Dyer, D., J. H. Kagel, D. Levin. 1989. A comparison of naive and experienced bidders in common value offer auctions: Laboratory analysis. Econom. J. 99 108--115.])....
