Quantal response equilibrium and overbidding in private-value auctions
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Publication:697954
DOI10.1006/JETH.2001.2914zbMATH Open1015.91028OpenAlexW2151170464WikidataQ59540673 ScholiaQ59540673MaRDI QIDQ697954FDOQ697954
Authors: Jacob K. Goeree, Charles A. Holt, Thomas R. Palfrey 
Publication date: 18 September 2002
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://resolver.caltech.edu/CaltechAUTHORS:20170810-132644522
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- Existence of Equilibrium in Single and Double Private Value Auctions1
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- Level-k Auctions: Can a Nonequilibrium Model of Strategic Thinking Explain the Winner's Curse and Overbidding in Private-Value Auctions?
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Cited In (74)
- Adversarial Risk Analysis for Auctions Using Mirror Equilibrium and Bayes Nash Equilibrium
- Adversarial risk analysis for auctions using non-strategic play and level-k thinking: A general case of n bidders with regret
- Informed entry in auctions
- Why votes have value: instrumental voting with overconfidence and overestimation of others' errors
- On the effects of joint bidding in independent private value auctions: An experimental study
- Games played through agents in the laboratory -- a test of Prat \& Rustichini's model
- Adversarial risk analysis for first‐price sealed‐bid auctions
- Equilibrium notions for agents with cumulative prospect theory preferences
- Does risk aversion explain behavior in a lemon market?
- The spite motive in third price auctions
- On the choice of obtaining and disclosing the common value in auctions
- Cooperating over losses and competing over gains: a social dilemma experiment
- Impacts of Game-Theoretic Activation on Epidemic Spread over Dynamical Networks
- Supply chains competition under uncertainty concerning player's strategies and customer choice behavior: a generalized Nash game approach
- Trembling hand perfection for mixed quantal/best response equilibria
- The Nash equilibrium: A perspective
- Behavioral influences on strategic interactions outcomes in game theory models
- Strive to be first or avoid being last: an experiment on relative performance incentives
- English auctions with resale: an experimental study
- Level-k Auctions: Can a Nonequilibrium Model of Strategic Thinking Explain the Winner's Curse and Overbidding in Private-Value Auctions?
- Measurement of excess bidding in auctions
- Introduction to experimental game theory
- Quantal response and nonequilibrium beliefs explain overbidding in maximum-value auctions
- Constrained school choice: an experimental QRE analysis
- Knowing me, imagining you: projection and overbidding in auctions
- Regular quantal response equilibrium
- Framing effects in public goods: prospect theory and experimental evidence
- Inverse S-shaped probability weighting functions in first-price sealed-bid auctions
- An externality-robust auction: theory and experimental evidence
- Overbidding and overspreading in rent-seeking experiments: cost structure and prize allocation rules
- Eliciting decision weights by adapting de Finetti's betting-odds method to prospect theory
- A parametric analysis of prospect theory's functionals for the general population
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- Level-\(k\) models and overspending in contests
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- Asymmetric information about rivals' types in standard auctions: an experiment
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- Individual behavior of first-price auctions: the importance of information feedback in computerized experimental markets
- Auction choice for ambiguity-averse sellers facing strategic uncertainty
- Multi-dimensional reference-dependent preferences in sealed-bid auctions -- how (most) laboratory experiments differ from the field
- Feature-based choice and similarity perception in normal-form games: an experimental study
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- Spite vs. risk: explaining overbidding in the second-price all-pay auction. A theoretical and experimental investigation
- Auctions with external incentives: experimental evidence
- The dynamics of distributive politics
- Informational asymmetries and observational learning in search
- Rejecting small gambles under expected utility
- Understanding perpetual R\&D races
- Meet the lemons: an experiment on how cheap-talk overcomes adverse selection in decentralized markets
- Voting with endogenous information acquisition: experimental evidence
- Bayesian estimation approaches to first-price auctions
- Sealed bid auctions with ambiguity: theory and experiments
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