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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. Bids are significantly positively correlated and profits are significantly negatively correlated...
Persistent link: https://www.econbiz.de/10010250541
A human subject laboratory experiment compares the real-time market performance of the two most popular auction formats …
Persistent link: https://www.econbiz.de/10011433875
This paper presents the results of experiments carried out in two countries, Germany and Bulgaria, and for different allocation rules (first vs. second price auction vs. fair division game). The data analysis of the sealed-bid, private value-contests compares the bid function in both countries,...
Persistent link: https://www.econbiz.de/10009583890
We experimentally examine the collusive properties of two commonly used auctions: the English auction (EN) and the first-price sealed-bid auction (FPSB). In theory, both tacit and overt collusion are always incentive compatible in EN while both can be incentive compatible in FPSB if the auction...
Persistent link: https://www.econbiz.de/10011382492
. Additionally, the experiment assesses the effect of group decision making. A Nash equilibrium prediction for individual …
Persistent link: https://www.econbiz.de/10013130516
In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we scan …
Persistent link: https://www.econbiz.de/10013134493
. We study behavior and performance in this procurement format using a laboratory experiment. Sellers closely follow the …
Persistent link: https://www.econbiz.de/10013098499
We conduct an experiment in which we auction the scarce rights to play the Proposer and Responder positions in …
Persistent link: https://www.econbiz.de/10013085955
We analyze pre and post-task confidence in an experiment in which subjects bid in multi-unit common value auctions … performance. Although the change in pre-experiment confidence from session one to session two is close to zero, the dispersion in … with neutral or low confidence. Subjects with high initial confidence also base their perception of post-experiment …
Persistent link: https://www.econbiz.de/10013090267
We study the correlation of choice under risk in Holt-Laury lotteries for gains and losses with gender, the use of hormonal contraceptives, menstrual cycle information, salivary testosterone, estradiol, progesterone, and cortisol as well as the digit ratio (2D:4D) in more than 200 subjects. In...
Persistent link: https://www.econbiz.de/10013066202