On (mis-)perception of probabilities in first-price sealed-bid auctions

Kantur, ZeynepKeskin, Kerim2019-06-272019-06-27201901545-29211545-2921https://hdl.handle.net/20.500.12469/559http://www.accessecon.com/pubs/EB/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.eninfo:eu-repo/semantics/openAccessOn (mis-)perception of probabilities in first-price sealed-bid auctionsArticle726733139WOS:000465241400072N/AQ3