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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
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Teams and individuals in standard auction formats : decisions and emotions
Karmeliuk, Maria; Kocher, Martin - 2021
Our study compares individual and team bidding in standard auction formats: first-price, second-price and ascending …-price (English) auctions with independent private values. In a laboratory experiment, we find that individuals overbid more than …
Persistent link: https://www.econbiz.de/10012500699
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Decision and strategies in a sequential search experiment
Sonnemans, Joep - 1997
works in anindividual decision experiment. Subjects are faced with a sequentialsearch problem. After extensive practice …
Persistent link: https://www.econbiz.de/10011283474
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Experimental auctions, collective induction and choice shift : willingness-to-pay for rice quality in Senegal
Demont, Matty; Rutsaert, Pieter; Ndour, Maïmouna; … - In: European review of agricultural economics : ERAE 40 (2013) 2, pp. 261-286
Persistent link: https://www.econbiz.de/10009734032
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Winner determination for risk aversion buyers in multi-attribute reverse auction
Huang, Min; Qian, Xiaohu; Fang, Shu-Cherng; Wang, Xingwei - In: Omega : the international journal of management science 59 (2016), pp. 184-200
Persistent link: https://www.econbiz.de/10011439780
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Experimental economics : financial markets, auctions, and decision making ; interviews and contributions from the 20th Arne Ryde Symposium
Andersson, Fredrik (ed.); Holm, Håkan J. (contributor) - 2002
Persistent link: https://www.econbiz.de/10001656741
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Does size matter in group decision making? : simulation experiments with LNG professionals bidding in auction markets
Otamendi, F. Javier; Muñoz, Féélix-Fernando - In: Journal of industrial engineering and management : JIEM 15 (2022) 4, pp. 637-662
knowledge of rational machines.Originality/value: To our knowledge, this is the first time that this double-experiment …
Persistent link: https://www.econbiz.de/10014512881
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Teams and individuals in standard auction formats : decisions and emotions
Karmeliuk, Maria; Kocher, Martin; Schmidt, Georg - In: Experimental economics : a journal of the Economic … 25 (2022) 5, pp. 1327-1348
Persistent link: https://www.econbiz.de/10013447746
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Bandit Problems
Bergemann, Dirk - 2006
We survey the literature on multi-armed bandit models and their applications in economics. The multi-armed bandit problem is a statistical decision model of an agent trying to optimize his decisions while improving his information at the same time. This classic problem has received much...
Persistent link: https://www.econbiz.de/10012783296
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Is Trustworthiness Written on the Face?
Dilger, Alexander - 2017
Trust is an important driver of economic transactions, but how do people decide whom to trust? We conduct an experiment …
Persistent link: https://www.econbiz.de/10012961409