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Solar energy utilization has evolved tremendously in many countries to compete with conventional energy sources due to abundant availability, ongoing module price declines, and efficiency gains. Besides these advantages, most solar power plants continue to underperform due to various technical...
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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 … quantitative predictions on the basis of learning direction theory. We also look at monotonic ladder processes. It is shown that …
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