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The value of victory: social origins of the winner's curse in common value auctions

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 ration...

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Autores principales: van den Bos, Wouter, Li, Jian, Lau, Tatiana, Maskin, Eric, Cohen, Jonathan D., Montague, P. Read, McClure, Samuel M.
Formato: Artigo
Lenguaje:Inglês
Publicado: 2008
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Acceso en línea:https://ncbi.nlm.nih.gov/pmc/articles/PMC2841440/
https://ncbi.nlm.nih.gov/pubmed/20305741
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