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Second-price common value auctions with uncertainty, private and public information: experimental evidence

Brocas, Isabelle; Carrillo, Juan D; Castro, Manuel - C.E.P.R. Discussion Papers - 2015

and public information and systematic overbidding in all auctions above and beyond the standard winner's curse. The Cursed …

Persistent link: https://www.econbiz.de/10011165658

Digit ratio (2D:4D) and altruism: evidence from a large, multi-ethnic sample

Galizzi, Matteo M.; Nieboer, Jeroen - London School of Economics (LSE) - 2015

We look at the links between the Digit Ratio - the ratio of the length of the index finger to the length of the ring finger – for both right and left hands, and giving in a Dictator Game. Unlike previous studies with exclusively Caucasian subjects, we recruited a large, ethnically diverse...

Persistent link: https://www.econbiz.de/10011171763

Endogenous Preferences and Conformity: Evidence from a Laboratory Experiment

Beraldo, Sergio; Filoso, Valerio; Stimolo, Marco - Centro Studi di Economia e Finanza (CSEF) - 2014

We repeatedly elicited individuals? Willingness to Accept (WTA) evaluations for an auctioned bad in an experimental setting in which truthful revelation is the (weakly) dominant strategy. We investigate whether the observation of supposedly irrelevant signals (the market price, the asks at...

Persistent link: https://www.econbiz.de/10011085407

The Shaping Power of Market Prices and Individual Choices on Preferences. An Experimental Investigation

Beraldo, Sergio; Filoso, Valerio; Stimolo, Marco - Dipartimento di Economia e Management, Università … - 2014

We repeatedly elicited individuals' Willingness to Accept (WTA) evaluations for an auctioned bad in an experimental setting in which truthful revelation is the (weakly) dominant strategy. We investigate whether the observation of supposedly irrelevant signals (the market price, the asks at...

Persistent link: https://www.econbiz.de/10011086461

Digit ratio and risk taking: Evidence from a large, multi-ethnic sample

Brañas-Garza, Pablo; Galizzi, Matteo M.; Nieboerc, … - Economic Science Institute (ESI), Argyros School of … - 2014

measures of individual risk taking: (i) risk preferences over lotteries with real monetary incentives and (ii) self …-reported risk attitude. Previous studies have found that the digit ratio, a proxy for pre-natal testosterone exposure, correlates … with risk taking in some subject samples, but not others. In our sample, we find, first, that the right-hand digit ratio is …

Persistent link: https://www.econbiz.de/10011100199

The nature of information and its effect on bidding behavior: Laboratory evidence in a first price common value auction

Brocas, Isabelle; Carrillo, Juan D.; Castro, Manuel - In: Journal of Economic Behavior & Organization 109 (2015) C, pp. 26-40

We study in the laboratory a series of first price sealed bid auctions of a common value good. Bidders face three types of information: private information, public information and common uncertainty. Auctions are characterized by the relative size of these three information elements. Only half...

Persistent link: https://www.econbiz.de/10011190127

An experimental investigation of auctions and bargaining in procurement

Shachat, Jason; Tan, Lijia - Wang Yanan Institute for Studies in Economics (WISE), … - 2012

Bayesian posteriors. We show alternative models based upon risk aversion and anticipated regret canâ€™t explain these price …

Persistent link: https://www.econbiz.de/10011140954

An experimental investigation of auctions and bargaining in procurement

Shachat, Jason; Tan, Lijia - Volkswirtschaftliche Fakultät, … - 2012

. We show alternative models based upon risk aversion and anticipated regret can't explain these price dependencies. …

Persistent link: https://www.econbiz.de/10011112148

Discrete Rule Learning and the Bidding of the Sexes

Shachat, Jason; Wei, Lijia - Volkswirtschaftliche Fakultät, … - 2013

We present a hidden Markov model of discrete strategic heterogeneity and learning in first price independent private values auctions. The model includes three latent bidding rules: constant absolute mark-up, constant percentage mark-up, and strategic best response. Rule switching probabilities...

Persistent link: https://www.econbiz.de/10011112628

Coordinating cross-border congestion management through auctions: An experimental approach to European solutions

Jullien, Céline; Pignon, Virginie; Robin, Stéphane; … - In: Energy Economics 34 (2012) 1, pp. 1-13

Competition among producers within an integrated electricity system is impeded by any limited transmission capacity there may be at its borders. Two alternative market mechanisms have recently been designed to organize the allocation of scarce transmission capacity at cross-border level: (i) the...

Persistent link: https://www.econbiz.de/10011039509