Bidding Behavior in the Price is Right Game: an Experimental Study
AbstractIn this paper, we present the design and the results of an experiment in which subjects participate in a bidding game identical to the one seen on the television game show "The Price is Right". Four players make sequential guesses about the price of an item, and the player whose guess is closest to, but without exceeding, the price, wins the item.
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Bibliographic InfoPaper provided by Purdue University, Department of Economics in its series Purdue University Economics Working Papers with number 1132.
Length: 31 pages
Date of creation: Feb 2000
Date of revision:
PRICES ; EXPERIMENTS ; GAME THEORY;
Other versions of this item:
- Healy, Paul & Noussair, Charles, 2004. "Bidding behavior in the price is right game: an experimental study," Journal of Economic Behavior & Organization, Elsevier, vol. 54(2), pages 231-247, June.
- Noussair, C.N. & Healy, P., 2004. "Bidding behavior in the 'price is right' game: An experimental study," Open Access publications from Tilburg University urn:nbn:nl:ui:12-377939, Tilburg University.
- C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
- C9 - Mathematical and Quantitative Methods - - Design of Experiments
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