IDEAS home Printed from https://ideas.repec.org/r/aea/aejmic/v1y2009i1p207-36.html
   My bibliography  Save this item

The Origin of the Winner's Curse: A Laboratory Study

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as


Cited by:

  1. Curtis R. Price & Roman M. Sheremeta, 2015. "Endowment Origin, Demographic Effects, and Individual Preferences in Contests," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 24(3), pages 597-619, September.
  2. Theo Offerman & Giorgia Romagnoli & Andreas Ziegler, 2022. "Why are open ascending auctions popular? The role of information aggregation and behavioral biases," Quantitative Economics, Econometric Society, vol. 13(2), pages 787-823, May.
  3. Brocas, Isabelle & Carrillo, Juan D. & Castro, Manuel, 2017. "Second-price common value auctions with uncertainty, private and public information: Experimental evidence," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 67(C), pages 28-40.
  4. Koch, Christian & Penczynski, Stefan P., 2018. "The winner's curse: Conditional reasoning and belief formation," Journal of Economic Theory, Elsevier, vol. 174(C), pages 57-102.
  5. Vincent P. Crawford & Miguel A. Costa-Gomes & Nagore Iriberri, 2010. "Strategic Thinking," Levine's Working Paper Archive 661465000000001148, David K. Levine.
  6. Bayona, Anna & Brandts, Jordi & Vives, Xavier, 2020. "Information frictions and market power: A laboratory study," Games and Economic Behavior, Elsevier, vol. 122(C), pages 354-369.
  7. André Schmelzer, 2018. "Strategy-Proofness of Stochastic Assignment Mechanisms," The Journal of Mechanism and Institution Design, Society for the Promotion of Mechanism and Institution Design, University of York, vol. 3(1), pages 17-50, December.
  8. Ackert, Lucy F. & Church, Bryan K. & Zhang, Ping, 2018. "Informed traders’ performance and the information environment: Evidence from experimental asset markets," Accounting, Organizations and Society, Elsevier, vol. 70(C), pages 1-15.
  9. Rydval, Ondrej & Ortmann, Andreas & Ostatnicky, Michal, 2009. "Three very simple games and what it takes to solve them," Journal of Economic Behavior & Organization, Elsevier, vol. 72(1), pages 589-601, October.
  10. Brice Corgnet & Mark Desantis & David Porter, 2018. "What Makes a Good Trader? On the Role of Intuition and Reflection on Trader Performance," Journal of Finance, American Finance Association, vol. 73(3), pages 1113-1137, June.
  11. Oechssler, Jörg & Roider, Andreas & Schmitz, Patrick W., 2009. "Cognitive abilities and behavioral biases," Journal of Economic Behavior & Organization, Elsevier, vol. 72(1), pages 147-152, October.
  12. Li, Wei & Tan, Xu, 2021. "Cognitively-constrained learning from neighbors," Games and Economic Behavior, Elsevier, vol. 129(C), pages 32-54.
  13. John Morgan & Henrik Orzen & Martin Sefton, 2012. "Endogenous entry in contests," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 51(2), pages 435-463, October.
  14. Hitoshi Matsushima, 2017. "Framing Game Theory," CIRJE F-Series CIRJE-F-1072, CIRJE, Faculty of Economics, University of Tokyo.
  15. Marco Casari & Jingjing Zhang & Christine Jackson, 2016. "Same process, different outcomes: group performance in an acquiring a company experiment," Experimental Economics, Springer;Economic Science Association, vol. 19(4), pages 764-791, December.
  16. Steven D. Levitt & John A. List, 2007. "Viewpoint: On the generalizability of lab behaviour to the field," Canadian Journal of Economics, Canadian Economics Association, vol. 40(2), pages 347-370, May.
  17. Vincent P. Crawford & Nagore Iriberri, 2007. "Level-k Auctions: Can a Nonequilibrium Model of Strategic Thinking Explain the Winner's Curse and Overbidding in Private-Value Auctions?," Econometrica, Econometric Society, vol. 75(6), pages 1721-1770, November.
  18. Charness, Gary & Gneezy, Uri & Halladay, Brianna, 2016. "Experimental methods: Pay one or pay all," Journal of Economic Behavior & Organization, Elsevier, vol. 131(PA), pages 141-150.
  19. Charness, Gary & Levin, Dan & Schmeidler, David, 2019. "An experimental study of estimation and bidding in common-value auctions with public information," Journal of Economic Theory, Elsevier, vol. 179(C), pages 73-98.
  20. Yiling Chen & Alon Eden & Juntao Wang, 2021. "Cursed yet Satisfied Agents," Papers 2104.00835, arXiv.org, revised Nov 2021.
  21. March, Christoph, 2021. "Strategic interactions between humans and artificial intelligence: Lessons from experiments with computer players," Journal of Economic Psychology, Elsevier, vol. 87(C).
  22. Gary Charness & Brianna Halladay, 2017. "BE and EE: Cousins but not twins," Journal of Behavioral Economics for Policy, Society for the Advancement of Behavioral Economics (SABE), vol. 1(2), pages 5-9, September.
  23. Shengwu Li, 2017. "Obviously Strategy-Proof Mechanisms," American Economic Review, American Economic Association, vol. 107(11), pages 3257-3287, November.
  24. Chlaß, Nadine & Perea, Andrés, 2016. "How do people reason in dynamic games?," VfS Annual Conference 2016 (Augsburg): Demographic Change 145881, Verein für Socialpolitik / German Economic Association.
  25. M. Kathleen Ngangoué & Georg Weizsäcker, 2021. "Learning from Unrealized versus Realized Prices," American Economic Journal: Microeconomics, American Economic Association, vol. 13(2), pages 174-201, May.
  26. Lundberg, Liv, 2019. "Auctions for all? Reviewing the German wind power auctions in 2017," Energy Policy, Elsevier, vol. 128(C), pages 449-458.
  27. Ricardo Gonçalves & John D Hey, 2007. "Experimental Evidence on English Auctions: Oral Outcry vs. Clock," Discussion Papers 07/09, Department of Economics, University of York.
  28. Moser, Johannes, 2018. "Hypothetical thinking and the winner's curse: An experimental investigation," VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy 181506, Verein für Socialpolitik / German Economic Association.
  29. Matros, Alexander, 2012. "Matching auction with winner’s curse and imperfect financial markets," Economics Letters, Elsevier, vol. 115(3), pages 500-503.
  30. Jagannathan, Ravi & Jirnyi, Andrei & Sherman, Ann Guenther, 2015. "Share auctions of initial public offerings: Global evidence," Journal of Financial Intermediation, Elsevier, vol. 24(3), pages 283-311.
  31. Mago, Shakun D. & Sheremeta, Roman M. & Yates, Andrew, 2013. "Best-of-three contest experiments: Strategic versus psychological momentum," International Journal of Industrial Organization, Elsevier, vol. 31(3), pages 287-296.
  32. Evan M. Calford & Timothy N. Cason, 2021. "Contingent Reasoning and Dynamic Public Goods Provision," ANU Working Papers in Economics and Econometrics 2021-679, Australian National University, College of Business and Economics, School of Economics.
  33. Matteo Migheli, 2017. "The winner’s curse in auctions with losses," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 16(1), pages 113-126, November.
  34. Dilmaghani, Maryam, 2022. "Chess girls don’t cry: Gender composition of games and effort in competitions among the super-elite," Journal of Economic Psychology, Elsevier, vol. 89(C).
  35. Shu‐Heng Chen & Shu G. Wang, 2011. "Emergent Complexity In Agent‐Based Computational Economics," Journal of Economic Surveys, Wiley Blackwell, vol. 25(3), pages 527-546, July.
  36. Echenique, Federico & Miyashita, Masaki & Nakamura, Yuta & Pomatto, Luciano & Vinson, Jamie, 2022. "Twofold multiprior preferences and failures of contingent reasoning," Journal of Economic Theory, Elsevier, vol. 202(C).
  37. Johannes Moser, 2017. "Hypothetical thinking and the winner's curse: An experimental investigation," Working Papers 176, Bavarian Graduate Program in Economics (BGPE).
  38. Heinrich, Timo & Seifert, Matthias & Then, Franziska, 2020. "Near-losses in insurance markets: An experiment," Economics Letters, Elsevier, vol. 186(C).
  39. Au, Pak Hung & Lim, Wooyoung & Zhang, Jipeng, 2022. "In vino veritas? Communication under the influence—An experimental study," Journal of Economic Behavior & Organization, Elsevier, vol. 197(C), pages 325-340.
  40. Charles A. Holt & Roger Sherman, 2014. "Risk Aversion and the Winner's Curse," Southern Economic Journal, John Wiley & Sons, vol. 81(1), pages 7-22, July.
  41. John D. Burger & Stephen J. K. Walters, 2008. "The Existence and Persistence of a Winner's Curse: New Evidence from the (Baseball) Field," Southern Economic Journal, John Wiley & Sons, vol. 75(1), pages 232-245, July.
  42. Nichole Szembrot, 2018. "Experimental study of cursed equilibrium in a signaling game," Experimental Economics, Springer;Economic Science Association, vol. 21(2), pages 257-291, June.
  43. Brocas, Isabelle & Carrillo, Juan D., 2022. "Adverse selection and contingent reasoning in preadolescents and teenagers," Games and Economic Behavior, Elsevier, vol. 133(C), pages 331-351.
  44. Esponda, Ignacio & Vespa, Emanuel, 2023. "Contingent Thinking and the Sure-Thing Principle: Revisiting Classic Anomalies in the Laboratory#," University of California at San Diego, Economics Working Paper Series qt32j4d5z2, Department of Economics, UC San Diego.
  45. Breitmoser, Yves & Schweighofer-Kodritsch, Sebastian, 2019. "Obviousness around the clock," Discussion Papers, Research Unit: Market Behavior SP II 2019-203, WZB Berlin Social Science Center.
  46. Troyan, Peter & Morrill, Thayer, 2020. "Obvious manipulations," Journal of Economic Theory, Elsevier, vol. 185(C).
  47. Camerer, Colin & Nunnari, Salvatore & Palfrey, Thomas R., 2016. "Quantal response and nonequilibrium beliefs explain overbidding in maximum-value auctions," Games and Economic Behavior, Elsevier, vol. 98(C), pages 243-263.
  48. Brice Corgnet & Camille Cornand & Nobuyuki Hanaki, 2020. "Negative Tail Events, Emotions & Risk Taking," Working Papers 2016, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
  49. Moser, Johannes, 2017. "Hypothetical thinking and the winner's curse: An experimental investigation," University of Regensburg Working Papers in Business, Economics and Management Information Systems 36304, University of Regensburg, Department of Economics.
  50. Mohsen Foroughifar, 2021. "Errors in Learning from Others' Choices," Papers 2105.01043, arXiv.org, revised Aug 2021.
  51. Yves Breitmoser & Sebastian Schweighofer-Kodritsch, 2022. "Obviousness around the clock," Experimental Economics, Springer;Economic Science Association, vol. 25(2), pages 483-513, April.
  52. Wei-Shiun Chang & Timothy C. Salmon & Krista J. Saral, 2016. "Procurement Auctions With Renegotiation And Wealth Constraints," Economic Inquiry, Western Economic Association International, vol. 54(3), pages 1684-1704, July.
  53. Brice Corgnet & Camille Cornand & Nobuyuki Hanaki, 2020. "Tail events, emotions and risk taking," Working Papers halshs-02613344, HAL.
  54. W. Kip Viscusi & Scott DeAngelis, 2018. "Decision irrationalities involving deadly risks," Journal of Risk and Uncertainty, Springer, vol. 57(3), pages 225-252, December.
  55. Brünner, Tobias & Becker, Alice, 2013. "Bidding in common value fair division games," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79810, Verein für Socialpolitik / German Economic Association.
  56. Johannes Moser, 2019. "Hypothetical thinking and the winner’s curse: an experimental investigation," Theory and Decision, Springer, vol. 87(1), pages 17-56, July.
  57. Wenner, Lukas M., 2018. "Do sellers exploit biased beliefs of buyers? An experiment," Games and Economic Behavior, Elsevier, vol. 110(C), pages 194-215.
  58. Teck-Hua Ho & Xuanming Su, 2013. "A Dynamic Level-k Model in Sequential Games," Management Science, INFORMS, vol. 59(2), pages 452-469, March.
  59. Niederle, Muriel & Vespa, Emanuel, 2023. "Cognitive Limitations: Failures of Contingent Thinking," University of California at San Diego, Economics Working Paper Series qt5q14p1np, Department of Economics, UC San Diego.
  60. Mago, Shakun D. & Razzolini, Laura, 2019. "Best-of-five contest: An experiment on gender differences," Journal of Economic Behavior & Organization, Elsevier, vol. 162(C), pages 164-187.
  61. Shu-Heng Chan & Shu G. Wang, 2010. "Emergent Complexity in Agent-Based Computational Economics," ASSRU Discussion Papers 1017, ASSRU - Algorithmic Social Science Research Unit.
  62. Nichole Szembrot, 2017. "Are voters cursed when politicians conceal policy preferences?," Public Choice, Springer, vol. 173(1), pages 25-41, October.
  63. Robin Chark & Vincent Mak & A. V. Muthukrishnan, 2020. "The premium as informational cue in insurance decision making," Theory and Decision, Springer, vol. 88(3), pages 369-404, April.
IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.