| PDF (982kB) | |
| PDF (982kB) | |
| PDF (1MB) | |
| PDF (1MB) |
- URN to cite this document:
- urn:nbn:de:bvb:355-epub-363045
- DOI to cite this document:
- 10.5283/epub.36304
Alternative links to fulltext:DOI
Abstract
There is evidence that bidders fall prey to the winner's curse because they fail to extract information from hypothetical events - like winning an auction. This paper investigates experimentally whether bidders in a common value auction perform better when the requirements for this cognitive issue - also denoted by contingent reasoning - are relaxed, leaving all other parameters unchanged. The ...

Owner only: item control page