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Hypothetical thinking and the winner's curse: An experimental investigation

Moser, Johannes (2017) Hypothetical thinking and the winner's curse: An experimental investigation. Regensburger Diskussionsbeiträge zur Wirtschaftswissenschaft, Working Paper, Regensburg.

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Date of publication of this fulltext: 10 Nov 2017 09:45

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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 ...

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Item type:Monograph (Working Paper)
Series of the University of Regensburg:Regensburger Diskussionsbeiträge zur Wirtschaftswissenschaft
Date:3 November 2017
Institutions:Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Lehrstuhl für Mikroökonomik (Prof. Dr. Andreas Roider)
Identification Number:
ValueType
10.2139/ssrn.2955871DOI
Classification:
NotationType
D03Journal of Economics Literature Classification
D44Journal of Economics Literature Classification
D82Journal of Economics Literature Classification
D83Journal of Economics Literature Classification
C91Journal of Economics Literature Classification
Keywords:Hypothetical thinking, cursed equilibrium, winner's curse
Dewey Decimal Classification:300 Social sciences > 330 Economics
Status:Published
Refereed:Yes, this version has been refereed
Created at the University of Regensburg:Yes
Item ID:36304
Owner only: item control page

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