Showing 1 - 4 of 4
Persistent link: https://www.econbiz.de/10003772355
We report an experiment on a decision task by SAMUELSON and BAZERMAN (1985). Subjects submit a bid for an item with an unknown value. A winner s curse phenomenon arises when subjects bid too high and make losses. Learning direction theory can account for this. However, other influences on...
Persistent link: https://www.econbiz.de/10011539130
Persistent link: https://www.econbiz.de/10013430409
Persistent link: https://www.econbiz.de/10004928089