On (mis-)perception of probabilities in first-price sealed-bid auctions
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Date
2019
Authors
Kantur, Zeynep
Keskin, Kerim
Journal Title
Journal ISSN
Volume Title
Publisher
Economics Bulletin
Abstract
We study a two-stage probability weighting model [see Tversky and Fox 1995] in a first-price sealed-bid auction. We present the unique symmetric equilibrium and provide some experimental support for our model.
Description
Keywords
Turkish CoHE Thesis Center URL
Citation
0
WoS Q
N/A
Scopus Q
Q3
Source
Volume
39
Issue
1
Start Page
726
End Page
733