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The Cooperative Consequences of Contests

Lien, Jaimie W.; Zheng, Jie; Zhuo, Yilin - 2021

laboratory experiment of real effort tasks with treatments varying by compensation schemes (all-pay auction contest, Tullock …

Persistent link: https://www.econbiz.de/10013226713

Cross-game learning and cognitive ability in auctions

Giebe, Thomas; Ivanova-Stenzel, Radosveta; Kocher, Martin; … - 2021

Overbidding in 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 use...

Persistent link: https://www.econbiz.de/10012668312

Cross-game learning and cognitive ability in auctions

Giebe, Thomas; Ivanova-Stenzel, Radosveta; Kocher, Martin; … - 2022

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

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

Loss Aversion and Learning to Bid

Dittrich, Dennis Alexis Valin - 2009

and affected by loss aversion to different degrees. In any case, the experiment shows that loss aversion is not specific …

Persistent link: https://www.econbiz.de/10013155297

Hypothetical Thinking and the Winner's Curse : An Experimental Investigation

Moser, Johannes - 2019

underbidding can be weakened by giving the subjects ex ante feedback about their bid, but unlike related studies I also find …

Persistent link: https://www.econbiz.de/10012902000

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