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Going, going, gone: competitive decision-making in Dutch auctions

Abstract In a Dutch auction, an item is offered for sale at a set maximum price. The price is then gradually lowered over a fixed interval of time until a bid is made, securing the item for the bidder at the current price. Bidders must trade-off between certainty and price: bid early to secure the i...

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Autori principali: Murray Bennett, Rachel Mullard, Marc T. P. Adam, Mark Steyvers, Scott Brown, Ami Eidels
Natura: Artigo
Lingua:Inglês
Pubblicazione: SpringerOpen 2020-11-01
Serie:Cognitive Research
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Accesso online:https://doi.org/10.1186/s41235-020-00259-w
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