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Auctions are considered with a (non-symmetric) independent-private-value model of valuations. It shall be demonstrated that a utility equivalence principle holds for an agent if and only if she has constant absolute risk aversion.
Persistent link: https://www.econbiz.de/10014589032
Human judgments are systematically affected by various biases and distortions. The main goal of our study is to analyze the effects of five well-documented behavioral biases-namely, the disposition effect, herd behavior, availability heuristic, gambler's fallacy and hot hand fallacy-on the...
Persistent link: https://www.econbiz.de/10010436025
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Human judgments are systematically affected by various biases and distortions. The main goal of our study is to analyze the effects of five well-documented behavioral biases—namely, the disposition effect, herd behavior, availability heuristic, gambler’s fallacy and hot hand fallacy—on the...
Persistent link: https://www.econbiz.de/10009770254
Persistent link: https://www.econbiz.de/10009616407
Persistent link: https://www.econbiz.de/10009716856
Human judgments are systematically affected by various biases and distortions. The main goal of our study is to analyze the effects of five well-documented behavioral biases — namely, the disposition effect, herd behavior, availability heuristic, gambler's fallacy and hot hand fallacy — on...
Persistent link: https://www.econbiz.de/10013079868
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