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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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Menstrual cycle and competitive bidding
Pearson, Matthew; Schipper, Burkhard - 2009 - Rev.
In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we … ; menstrual cycle ; gender ; likelihood of conception ; first price auction ; risk behavior ; competition ; bidding …
Persistent link: https://www.econbiz.de/10003878997
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Sex hormones and competitive bidding
Schipper, Burkhard - 2012
We correlate competitive bidding and profits in symmetric independent private value first-price auctions with salivary testosterone, estradiol, progesterone, and cortisol in more than 200 subjects. Females bid significantly higher and earn significantly lower profits than males. Moreover,...
Persistent link: https://www.econbiz.de/10009544159
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An experimental test of design alternatives for the British 3G/UMTS auction
Abbink, Klaus; Irlenbusch, Bernd; Pezanis-Christou, Paul; … - 2001
. In the preparation of the auction, two designs involving each a hybrid of an English and a sealed-bid auction were … suggested by the government: a discriminatory and a uniform price variant. We report an experiment on these two designs, and … also compare the results to those with a pure English auction. Both hybrids are similar in efficiency, revenue differences …
Persistent link: https://www.econbiz.de/10011540075
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An experimental test of design alternatives for the British 3G, UMTS auction
Abbink, Klaus (contributor) - 2001
Persistent link: https://www.econbiz.de/10001618740
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Belief-Ordering Identification of Ambiguity Attitudes with Application to Partnership Dissolving Experiments
Yu, Ning Neil - 2013
-person partnership dissolving auction experiments, the partners with large shares bid less aggressively in an ambiguity environment than …
Persistent link: https://www.econbiz.de/10013088429
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The minority of three-game: an experimental and theoretical analysis
Chmura, Thorsten; Güth, Werner; Pitz, Thomas; … - 2010
We report experimental and theoretical results on the minority of three-game where three players have to choose one of two alternatives independently and the most rewarding alternative is the one chosen by a single player. This coordination game has many asymmetric equilibria in pure strategies...
Persistent link: https://www.econbiz.de/10008689027
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Does information matter? : some experimental evidence from a common-pool resource game
Apesteguia, Jose - 2001
This paper analyzes the effect of the availability of information about the payoff structure on the behavior of players in a Common-Pool Resource game. Six groups of six individuals played a complete information game, while other six groups played the same game but with no information about the...
Persistent link: https://www.econbiz.de/10011538855
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Equilibrium Play and Learning in a Stochastic Public Goods Experiment
Banerjee, Priyodorshi - 2012
The public goods problem or the “tragedy of the commons,” (Hardin, 1968) either viewed as a problem of extraction or that of contribution has had a rich history in Economics and indeed in other social sciences like Anthropology, Sociology and Political Science. Our research examines free...
Persistent link: https://www.econbiz.de/10013107187
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Meaningful Learning and Transfer of Learning in Games Played Repeatedly Without Feedback
Rick, Scott; Weber, Roberto A. - 2009
Psychologists have long recognized two kinds of learning: one that is relatively shallow and domain-specific; and another that is deeper, producing generalizable insights that transfer across domains. The game theory literature has only recently considered this distinction, and the conditions...
Persistent link: https://www.econbiz.de/10014055234