Impulse balance equilibrium and feedback in first price auctions

DOI10.1016/j.geb.2004.04.002zbMath1115.91023OpenAlexW1985034397MaRDI QIDQ2486156

Axel Ockenfels, Reinhard Selten

Publication date: 5 August 2005

Published in: Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.geb.2004.04.002

zbMATH Keywords

LearningFeedbackBounded rationalityExperimentsAuctionsSocial comparisonEx-post rationalityOverbidding

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Rationality and learning in game theory (91A26) Experimental studies (91A90)

Related Items (25)

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Uses Software

• Z-Tree

Cites Work

• Unnamed Item
• Learning direction theory and the winner's curse
• Learning in extensive-form games: Experimental data and simple dynamic models in the intermediate term
• Learning in a laboratory market with random supply and demand
• Late and multiple bidding in second price Internet auctions: theory and evidence concerning different rules for ending an auction
• Survival auctions
• A Theory of Fairness, Competition, and Cooperation
• Price Formation in Single Call Markets
• Experience-weighted Attraction Learning in Normal Form Games
• Adaptive Dynamics in Coordination Games

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