Does regret matter in first-price auctions?

DOI10.1016/J.ECONLET.2016.03.021zbMATH Open1396.91277OpenAlexW2339530877MaRDI QIDQ1668262FDOQ1668262

Authors: Anmol Ratan, Yuanji Wen 

Publication date: 3 September 2018

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.econlet.2016.03.021

Recommendations

• Regret in auctions: theory and evidence
• Regret and Feedback Information in First-Price Sealed-Bid Auctions
• The Effect of Regret on Optimal Bidding in Auctions
• Bidding `as if' risk neutral in experimental first price auctions without information feedback
• Explaining overbidding in first price auctions using controlled lotteries

zbMATH Keywords

ambiguitylaboratory experimentsoverbiddingauctionanticipated regret

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Experimental studies (91A90)

Cites Work

• Level-k Auctions: Can a Nonequilibrium Model of Strategic Thinking Explain the Winner's Curse and Overbidding in Private-Value Auctions?
• Ambiguity aversion in first-price sealed-bid auctions
• Impulse balance equilibrium and feedback in first price auctions
• Regret in auctions: theory and evidence
• Regret and Feedback Information in First-Price Sealed-Bid Auctions
• Individual behavior of first-price auctions: the importance of information feedback in computerized experimental markets
• Ex-post regret heuristics under private values. I: Fixed and random matching
• Does displaying probabilities affect bidding in first-price auctions?

Cited In (7)

• Regret in auctions: theory and evidence
• Regret and Feedback Information in First-Price Sealed-Bid Auctions
• Reverse auctions with regret-anticipated bidders
• The Effect of Regret on Optimal Bidding in Auctions
• Do people minimize regret in strategic situations? A level-\(k\) comparison
• Does displaying probabilities affect bidding in first-price auctions?
• Anticipated loser regret in third price auctions

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