The winner's curse: Conditional reasoning and belief formation
نویسندگان
چکیده
منابع مشابه
The Winner’s Curse: Conditional Reasoning & Belief Formation
We investigate the relevance of conditional reasoning and belief formation for the occurrence of the winner’s curse with the help of two experimental manipulations. First, we compare results from a very simple common-value auction game with results from a transformed version of this game that does not require any conditioning on future events. In human opponent settings, we observe significant ...
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ژورنال
عنوان ژورنال: Journal of Economic Theory
سال: 2018
ISSN: 0022-0531
DOI: 10.1016/j.jet.2017.12.002