Prospect theory in a dynamic game: Theory and evidence from online pay-per-bid auctions
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KeywordsInternet auction; Prospect theory; Dynamic game; Pricing; Penny auction;
- D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
- C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
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