Star-shaped probability weighting functions and overbidding in first-price auctions

Economics Letters

Volumn 104, Issue 2, 2009, Pages 83-85

  Armantier, Olivier ^a,b,c,d   Treich, Nicolas ^e  

^a FEDERAL RESERVE BANK OF NEW YORK   (United States)

^b UNIVERSITÉ DE MONTRÉAL   (Canada)

^c CIRANO   (Canada)

^d Canada H3A 2T7   (Canada)

^e TOULOUSE SCHOOL OF ECONOMICS   (France)

Author keywords

Auctions; Non expected utility; Overbidding; Probability weighting function; Risk aversion

Indexed keywords

EID: 67649382926     PISSN: 01651765     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.econlet.2009.04.016     Document Type: Article

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