Ascending bid auctions with behaviorally consistent bidders

DOI10.1007/BF02283533zbMath0707.90029MaRDI QIDQ919976

Zvi Safra, Edi Karni

Publication date: 1989

Published in: Annals of Operations Research (Search for Journal in Brave)

zbMATH Keywords

sequential decisionsindependence axiomBayesian-Nash equilibriumbehavioral consistencybid auction game

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16) Auctions, bargaining, bidding and selling, and other market models (91B26) Decision theory for games (91A35)

Related Items

Auctions with uncertain numbers of bidders, A dynamic mechanism and surplus extraction under ambiguity, On the equivalence between descending bid auctions and first price sealed bid auctions, On the nonexistence of Blackwell's theorem-type results with general preference relations, The two faces of independence: betweenness and homotheticity, Atemporal dynamic consistency and expected utility theory, Existence and dynamic consistency of Nash equilibrium with non-expected utility preferences, Bargaining and boldness, Behaviorally consistent optimal stopping rules, Equilibrium without independence, A generalization of quantal response equilibrium via perturbed utility, Dynamic decision making without expected utility: an operational approach, Extensive form games with uncertainty averse players, Payoff equivalence in sealed bid auctions and the dual theory of choice under risk, Violations of the betweenness axiom and nonlinearity in probability

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