Learning to Bid-An Experimental Study of Bid Function Adjustments in Auctions and Fair Division Games

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Learning to Bid-An Experimental Study of Bid Function Adjustments in Auctions and Fair Division Games

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W. Güth
R. Ivanova-Stenzel
M. Königstein
M. Strobel

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Paper provided by Humboldt Universitaet Berlin in its series Sonderforschungsbereich 373 with number 1999-70.

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Handle: RePEc:wop:humbsf:1999-70

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Article
- Werner G¸th & Radosveta Ivanova-Stenzel & Manfred K–nigstein & Martin Strobel, 2003. "Learning to bid - an experimental study of bid function adjustments in auctions and fair division games," Economic Journal, Royal Economic Society, vol. 113(487), pages 477-494, 04. [Downloadable!] (restricted)

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

Fernando Vega-Redondo, 1997. "The Evolution of Walrasian Behavior," Econometrica, Econometric Society, vol. 65(2), pages 375-384, March.
Other versions:
- Vega-Redondo, F., 1996. "The Evolution of Walrasian Behavior," Papers 96-05, Valencia - Instituto de Investigaciones Economicas.
Abbink, Klaus, Gary Bolton, Abdolkarim Sadrieh, and Fang-Fang Tang, 1996. "Adaptive Learning versus Punishment in Ultimatum Bargaining," Discussion Paper Serie B 381, University of Bonn, Germany.
Other versions:
- Abbink, Klaus & Bolton, Gary E. & Sadrieh, Abdolkarim & Tang, Fang-Fang, 2001. "Adaptive Learning versus Punishment in Ultimatum Bargaining," Games and Economic Behavior, Elsevier, vol. 37(1), pages 1-25, October. [Downloadable!] (restricted)
Selten, Reinhard, . "Features of Experimentally Observed Bounded Rationality," Discussion Paper Serie B 421, University of Bonn, Germany, revised Nov 1997.
Other versions:
- Selten, Reinhard, 1998. "Features of experimentally observed bounded rationality," European Economic Review, Elsevier, vol. 42(3-5), pages 413-436, May. [Downloadable!] (restricted)
W. Güth, . "Boundedly Rational Decision Emergence -A General Perspective and Some Selective Illustrations-," Sonderforschungsbereich 373 1997-29, Humboldt Universitaet Berlin.
Other versions:
- Werner Gueth, 2000. "Boundedly Rational Decision Emergence - A General Perspective and Some Selective Illustrations," CESifo Working Paper Series CESifo Working Paper No. , CESifo GmbH. [Downloadable!]
Selten, Reinhard, and Joachim Buchta, 1994. "Experimental Sealed Bid First Price Auctions with Directly Observed Bid Functions," Discussion Paper Serie B 270, University of Bonn, Germany.

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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

Stefan Klonner, 2003. "Empirical Analysis of Rosca Auctions in a South Indian Village," Working Papers 854, Economic Growth Center, Yale University. [Downloadable!]
W. Güth, . "Robust Learning Experiments -Evidence for Learning and Deliberation-," Sonderforschungsbereich 373 2000-82, Humboldt Universitaet Berlin.
Oliver Kirchkamp, & Eva Poen, & Philipp Reiß, 2006. "Outside options: Another reason to choose the first-price auction," CRIEFF Discussion Papers 0605, Centre for Research into Industry, Enterprise, Finance and the Firm. [Downloadable!]
Other versions:
- Oliver Kirchkamp & Eva Poen & J. Philipp Reiß, 2008. "Outside options: Another reason to choose the first-price auction," Jena Economic Research Papers in Economics 2008-022, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics, Thueringer Universitaets- und Landesbibliothek. [Downloadable!]
Paul Pezanis-Christou & Abdolkarim Sadrieh, 2003. "Elicited bid functions in (a)symmetric first-price auctions," UFAE and IAE Working Papers 578.03, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC). [Downloadable!]
Other versions:
- Sadrieh, A. & Pezanis-Christou, P., 2003. "Elicited bid functions in (a)symmetric first-price auctions," Discussion Paper 58, Tilburg University, Center for Economic Research. [Downloadable!]
Dennis A. V. Dittrich & Werner Güth & Martin Kocher & Paul Pezanis-Christou, . "Loss aversion and learning to bid," Discussion Papers on Strategic Interaction 2005-03, Max Planck Institute of Economics, Strategic Interaction Group. [Downloadable!]
Werner Güth, 2005. "On Inequity Aversion," Discussion Papers on Strategic Interaction 2005-24, Max Planck Institute of Economics, Strategic Interaction Group. [Downloadable!]

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