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The value of victory

Auctions, normally considered as devices facilitating trade, also provide a way to probe mechanisms governing one's valuation of some good or action. One of the most intriguing phenomena in auction behavior is the winner's curse --- the strong tendency of participants to bid more than rational agent...

Deskribapen osoa

Gorde:
Xehetasun bibliografikoak
Egile Nagusiak: Wouter van den Bos, Jian Li, Tatiana Lau, Eric Maskin, Jonathan D. Cohen, P. Read Montague, Samuel M. McClure
Formatua: Artigo
Hizkuntza:Inglês
Argitaratua: Cambridge University Press 2008-10-01
Saila:Judgment and Decision Making
Gaiak:
Sarrera elektronikoa:http://journal.sjdm.org/8826/jdm8826.pdf
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