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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...
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conducted an experiment where traders could decide to trade either in an (efficient) double-auction institution or in a posted …
Persistent link: https://www.econbiz.de/10012292129
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
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shortcoming of this literature is that market experience is endogenous. This study presents a framed field experiment that …
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literature is that market experience is endogenous. This study presents a framed field experiment that exogenously induces market …
Persistent link: https://www.econbiz.de/10013127977