Heterogeneous bids in auctions with rational and boundedly rational bidders: theory and experiment

DOI10.1007/S00182-019-00678-0MaRDI QIDQ2280041zbMATH OpenOpenAlexWikidataFDO

Authors Oliver Kirchkamp, J. Philipp Reiß

Publication date 17 December 2019

Published in International Journal of Game Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00182-019-00678-0

zbMATH Keywords

auctionbounded rationalityexperimentsmarkdown biddingoverbiddingunderbidding

Mathematics Subject Classification ID

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

Recommendations

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Cites work

• Cognitive forward induction and coordination without common knowledge: an experimental study
• COMPARING PUBLIC PROCUREMENT AUCTIONS
• Econometric models of asymmetric ascending auctions
• scientific article; zbMATH DE number 3189754 (Why is no real title available?)
• Inference from iterative simulation using multiple sequences
• Level-k Auctions: Can a Nonequilibrium Model of Strategic Thinking Explain the Winner's Curse and Overbidding in Private-Value Auctions?
• Nonlinear behavior in sealed bid first price auctions
• Tests of a heterogeneous bidders theory of first price auctions

Cited in

(9)

• Bounded rational behavior in experimental games and markets. Proceedings of the fourth conference on experimental economics, Bielefeld, West Germany, September 21-25, 1986
• Herding and the winner's curse in markets with sequential bids
• Sequential auctions with capacity constraints: an experimental investigation
• Bid pooling in reverse multi-unit Dutch auctions: an experimental investigation
• Emotional Bidders—An Analytical and Experimental Examination of Consumers' Behavior in a Priceline-Like Reverse Auction
• Tests of a heterogeneous bidders theory of first price auctions
• Optimal bidding in auctions of mixed populations of bidders
• Bidding Behavior and Equilibrium Excursion of Uniform Price Auction Mechanism
• Uniform vs. discriminatory auctions with variable supply -- experimental evidence

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• Z-Tree

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