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 … cognitively less able participants but does not affect overbidding for the cognitively more able. Vice versa, experiencing SPAs …

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 …-game learning for cognitively less able participants but does not affect overbidding for the cognitively more able. Vice versa …

second-price auctions. Overbidding is a robust finding in second- price auctions, and spite among bidders has been advanced … where bidders have preferences regarding both, the payoffs of other bidders and the seller's revenue. Overbidding is optimal … seller on overbidding. We conclude that overbidding is not an artefact of the standard experimental implementation of second …