Similar Search Results

Emotions and economic shocks in a first-price auction

Bosman, Ronald; Riedl, Arno - 2003

We investigate experimentally whether emotions affect bidding behavior in a firstprice auction. To induce emotions, we confront subjects after a first auction series with apositive or negative random economic shock. We then explore the relation between emotions andbidding behavior in a second...

Persistent link: https://www.econbiz.de/10011333886

Bimodal bidding in experimental all-pay auctions

Ernst, Christiane; Thöni, Christian - In: Games 4 (2013) 4, pp. 608-623

We report results from experimental first-price, sealed-bid, all-pay auctions for a good with a common and known value. We observe bidding strategies in groups of two and three bidders and under two extreme information conditions. As predicted by the Nash equilibrium, subjects use mixed...

Persistent link: https://www.econbiz.de/10010240829

An experimental study of precautionary bidding : conference paper

Kocher, Martin; Pahlke, Julius; Trautmann, Stefan T. - 2013

Auctions often involve goods exhibiting a common knowledge ex-post risk. Precautionary bidding predicts that under expected utility, ex-post risk leads DARA bidders to reduce their bids by more than the appropriate risk premium. Because the degree of riskiness of the good, and bidders risk...

Persistent link: https://www.econbiz.de/10010344662

An experimental test of precautionary bidding

Kocher, Martin; Pahlke, Julius; Trautmann, Stefan T. - 2010

Auctions often involve goods exhibiting a common knowledge ex-post risk that is independent of buyers' private values or their signals regarding common value components. Esö and White (2004) showed theoretically that ex-post risk leads to precautionary bidding for DARA bidders: Agents reduce...

Persistent link: https://www.econbiz.de/10008749646

Emotions and Economic Shocks in a First-Price Auction : An Experimental Study

Riedl, Arno; Bosman, Ronald - 2003

We investigate experimentally whether emotions affect bidding behavior in a first price auction. To induce emotions, we confront subjects after a first auction series with a positive or negative random economic shock. We then explore the relation between emotions and bidding behavior in a second...

Persistent link: https://www.econbiz.de/10014030294

Menstrual cycle and competitive bidding

Pearson, Matthew; Schipper, Burkhard - 2009 - Rev.

In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we …

Persistent link: https://www.econbiz.de/10003878997

Sex hormones and competitive bidding

Schipper, Burkhard - 2014

We correlate competitive bidding and profits in symmetric independent private value first-price auctions with salivary testosterone, estradiol, progesterone, and cortisol in more than 200 subjects. Bids are significantly positively correlated and profits are significantly negatively correlated...

Persistent link: https://www.econbiz.de/10010250541

Learning direction theory and the winners curse

Selten, Reinhard; Abbink, Klaus; Cox, Ricarda - 2001

We report an experiment on a decision task by SAMUELSON and BAZERMAN (1985). Subjects submit a bid for an item with an …

Persistent link: https://www.econbiz.de/10011539130

Learning and the Possibility of Losing Own Money Reduce Overbidding : Delayed Payment in Experimental Auctions

Zhang, Yu Yvette - 2017

received a cash endowment two weeks after the experiment day and had to use their own money to pay the experimental loss (if … any) on the experiment day. We compared the effect of delayed payment on overbidding in the induced value SPAs with the … conventional “on-the-spot” payment mechanism when the subjects received an endowment on the experiment day, and the prepaid …

Persistent link: https://www.econbiz.de/10012971336

Sex hormones and competitive bidding

Schipper, Burkhard - 2012

We correlate competitive bidding and profits in symmetric independent private value first-price auctions with salivary testosterone, estradiol, progesterone, and cortisol in more than 200 subjects. Females bid significantly higher and earn significantly lower profits than males. Moreover,...

Persistent link: https://www.econbiz.de/10009544159

1
2
3
4
5
6
7
8
9
10
Next
Last