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Individuals and teams in UMTS-license auctions

Sutter, Matthias; Kocher, Martin; Strauß, Sabine - 2007

Persistent link: https://www.econbiz.de/10003675359

Individuals and teams in UMTS-license auctions

Sutter, Matthias; Kocher, Martin; Strauß, Sabine - 2007 - This version: 15 October 2007

more likely to win the auction when teams bid. -- UMTS auction ; team decision-making ; experiment ; winner's curse …We examine bidding behaviour of individuals and teams in an experimental auction resembling UMTS-license auctions. Even … relied on individual bidders. Our results show that teams stay on average longer in an (ascending sealed-bid English) auction …

Persistent link: https://www.econbiz.de/10009731143

Individuals and teams in auctions

Sutter, Matthias; Kocher, Martin; Strauß, Sabine - In: Oxford economic papers 61 (2009) 2, pp. 380-394

Persistent link: https://www.econbiz.de/10003835900

Individuals and Teams in UMTS-License Auctions

Sutter, Matthias; Kocher, Martin G.; Strauß, Sabine - 2007

We examine bidding behaviour of individuals and teams in an experimental auction resembling UMTS-license auctions. Even … relied on individual bidders. Our results show that teams stay on average longer in an (ascending sealed-bid English) auction … winner's curse. The auction's efficiency is nevertheless higher with teams, since the bidders with the highest valuation are …

Persistent link: https://www.econbiz.de/10014223158

Individuals and teams in UMTS-license auctions

Sutter, Matthias; Kocher, Martin; Strauß, Sabine - 2007

Persistent link: https://www.econbiz.de/10010293394

Teams Make You Smarter: Learning and Knowledge Transfer in Auctions and Markets by Teams and Individuals

Maciejovsky, Boris; Sutter, Matthias; Budescu, David V.; … - 2010

We study the impact of team decision making on market behavior and its consequences for subsequent individual performance in the Wason selection task, the single-most studied reasoning task. We reformulated the task in terms of assets in a market context. Teams of traders learn the task's...

Persistent link: https://www.econbiz.de/10010294767

Teams Make You Smarter: Learning and Knowledge Transfer in Auctions and Markets by Teams and Individuals

Maciejovsky, Boris; Sutter, Matthias; Budescu, David V.; … - Institut für Finanzwissenschaft, Fakultät für … - 2010

We study the impact of team decision making on market behavior and its consequences for subsequent individual performance in the Wason selection task, the single-most studied reasoning task. We reformulated the task in terms of ?assets? in a market context. Teams of traders learn the task?s...

Persistent link: https://www.econbiz.de/10008455666

Causes, consequences, and cures of myopic loss aversion: An experimental investigation

Fellner, Gerlinde; Sutter, Matthias - 2005

Myopic loss aversion (MLA) has been established as one prominent explanation for the equity premium puzzle. In this paper we address two issues related to the effects of MLA on risky investment decisions. First, we assess the relative impact of feedback frequency and investment flexibility (via...

Persistent link: https://www.econbiz.de/10010263139

Testing a forgotten aspect of Akerlof's gift exchange hypothesis : relational contracts with individual and uniform wages

Kocher, Martin; Luhan, Wolfgang J.; Sutter, Matthias - 2012

. In our laboratory experiment, we establish the existence of a significant efficiency premium of uniform wages. However …

Persistent link: https://www.econbiz.de/10009526176

How to measure time preferences in children : a comparison of two methods

Angerer, Silvia; Lergetporer, Philipp; … - 2015

We measure time preferences in a sample of 561 children aged seven to eleven years. Using a within-subject design we compare the behavior of our subjects in two distinct experimental tasks: a standard choice list with multiple decisions and a simpler time-investment-exercise requiring one...

Persistent link: https://www.econbiz.de/10011373895

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