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Benford's Law and psychological barriers in certain eBay auctions


  • Ocean Fan Lu
  • David Giles


Using generalizations of Benford's Law we test for the absence of psychological barriers at various price levels in eBay auctions for professional football tickets. Our empirical results indicate that this hypothesis cannot be rejected.

Suggested Citation

  • Ocean Fan Lu & David Giles, 2010. "Benford's Law and psychological barriers in certain eBay auctions," Applied Economics Letters, Taylor & Francis Journals, vol. 17(10), pages 1005-1008.
  • Handle: RePEc:taf:apeclt:v:17:y:2010:i:10:p:1005-1008 DOI: 10.1080/13504850802631814

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    References listed on IDEAS

    1. Bennett T. McCallum, 2000. "Alternative monetary policy rules : a comparison with historical settings for the United States, the United Kingdom, and Japan," Economic Quarterly, Federal Reserve Bank of Richmond, issue Win, pages 49-79.
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    Cited by:

    1. Lucey, Michael E. & O'Connor, Fergal A., 2016. "Mind the gap: Psychological barriers in gold and silver prices," Finance Research Letters, Elsevier, vol. 17(C), pages 135-140.
    2. David E. Giles, 2012. "Exact Asymptotic Goodness-of-Fit Testing For Discrete Circular Data, With Applications," Econometrics Working Papers 1201, Department of Economics, University of Victoria.

    More about this item

    JEL classification:

    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions


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