메뉴 건너뛰기




Volumn 3, Issue 7, 2008, Pages 483-492

The value of victory: Social origins of the winner's curse in common value auctions

Author keywords

Auctions; Bounded rationality; Winner's curse

Indexed keywords


EID: 70350151107     PISSN: None     EISSN: 19302975     Source Type: Journal    
DOI: None     Document Type: Article
Times cited : (51)

References (25)
  • 1
    • 1642519741 scopus 로고    scopus 로고
    • Does observation influence learning?
    • Armantier, O. (2004). Does observation influence learning? Games and Economic Behavior, 46, 221-239.
    • (2004) Games and Economic Behavior , vol.46 , pp. 221-239
    • Armantier, O.1
  • 2
    • 0001368861 scopus 로고
    • Testing for price anomalies in real-estate auctions
    • Ashenfelter, O., & Genesove, D. (1992). Testing for price anomalies in real-estate auctions. American Economic Review, 82, 501-505.
    • (1992) American Economic Review , vol.82 , pp. 501-505
    • Ashenfelter, O.1    Genesove, D.2
  • 6
    • 0000107612 scopus 로고
    • Implications of the auction mechanism in baseball's free agent draft
    • Cassing, J., & Douglas, R. W. (1980). Implications of the auction mechanism in baseball's free agent draft. Southern Economic Journal, 47, 110-121.
    • (1980) Southern Economic Journal , vol.47 , pp. 110-121
    • Cassing, J.1    Douglas, R.W.2
  • 7
    • 52949084662 scopus 로고    scopus 로고
    • Understanding overbidding: Using the neural circuitry of reward to design economic auctions
    • Delgado, M.R., Schotter, A., Ozbay, E.Y., & Phelps, E.A. (2008). Understanding overbidding: using the neural circuitry of reward to design economic auctions. Science, 321, 1849-1852.
    • (2008) Science , vol.321 , pp. 1849-1852
    • Delgado, M.R.1    Schotter, A.2    Ozbay, E.Y.3    Phelps, E.A.4
  • 9
    • 0001522342 scopus 로고
    • A comparison of naive and experienced bidders in common value offer auctions: A laboratory analysis
    • E
    • Dyer, D., Kagel, J. H., & Levin, D. (1989). A comparison of naive and experienced bidders in common value offer auctions: A laboratory analysis. The Economic Journal, 99, 108-115. E.
    • (1989) The Economic Journal , vol.99 , pp. 108-115
    • Dyer, D.1    Kagel, J.H.2    Levin, D.3
  • 10
    • 27744525054 scopus 로고    scopus 로고
    • Cursed equilibrium
    • Eyster, E., & Rabin, M. (2005). Cursed equilibrium. Econometrica, 73, 1623-1672.
    • (2005) Econometrica , vol.73 , pp. 1623-1672
    • Eyster, E.1    Rabin, M.2
  • 11
    • 33847343433 scopus 로고    scopus 로고
    • Advancing beyond advances in behavioral economics
    • Fudenberg, D. (2006). Advancing beyond advances in behavioral economics. Journal of Economic Literature, 44, 694-711.
    • (2006) Journal of Economic Literature , vol.44 , pp. 694-711
    • Fudenberg, D.1
  • 12
  • 13
    • 0038893694 scopus 로고    scopus 로고
    • Efficiency in auctions with private and common values: An experimental study
    • Goeree, J. C., & Offerman., T. (2002). Efficiency in auctions with private and common values: an experimental study, American Economic Review, 92, 625-643.
    • (2002) American Economic Review , vol.92 , pp. 625-643
    • Goeree, J.C.1    Offerman, T.2
  • 15
    • 0035619309 scopus 로고    scopus 로고
    • Super-experienced bidders in first-price common-value auctions: Rules of thumb, nash equilibrium bidding, and the winner's curse
    • Kagel, J. H., & Richard, J.-F. (2001). Super-experienced bidders in first-price common-value auctions: Rules of thumb, Nash equilibrium bidding, and the winner's curse. The Review of Economics and Statistics, 83, 408-419.
    • (2001) The Review of Economics and Statistics , vol.83 , pp. 408-419
    • Kagel, J.H.1    Richard, J.-F.2
  • 16
    • 0001447080 scopus 로고
    • The winner's curse and public information in common value auctions
    • Kagel, J. H., & Levin, D. (1986). The winner's curse and public information in common value auctions. American Economic Review, 76, 894-920.
    • (1986) American Economic Review , vol.76 , pp. 894-920
    • Kagel, J.H.1    Levin, D.2
  • 17
    • 84977396449 scopus 로고
    • First price common value auctions: Bidder behavior and the winner's curse
    • Kagel, J. H., Levin, D., Battalio, R. C., & Meyer, D. J. (1989). First price common value auctions: Bidder behavior and the " winner's curse." Economic Inquiry, 27, 241-258.
    • (1989) Economic Inquiry , vol.27 , pp. 241-258
    • Kagel, J.H.1    Levin, D.2    Battalio, R.C.3    Meyer, D.J.4
  • 20
    • 15044347830 scopus 로고    scopus 로고
    • Towards a competitive arousal model of decisionmaking: A study of auction fever in live and internet auctions
    • Ku, G., Malhotra, D., & Murnighan, J. K. (2005). Towards a competitive arousal model of decisionmaking: A study of auction fever in live and internet auctions. Organizational Behavior and Human Decision Processes, 96, 89-103.
    • (2005) Organizational Behavior and Human Decision Processes , vol.96 , pp. 89-103
    • Ku, G.1    Malhotra, D.2    Murnighan, J.K.3
  • 21
    • 0000670042 scopus 로고
    • The winner's curse: Experiments with buyers and with sellers
    • Lind, B., & Plott, C. R. (1991). The winner's curse: experiments with buyers and with sellers. American Economic Review, 81, 335-346.
    • (1991) American Economic Review , vol.81 , pp. 335-346
    • Lind, B.1    Plott, C.R.2
  • 22
    • 0001757115 scopus 로고
    • A theory of auctions and competitive bidding
    • Milgrom, P. R., & Weber, R. J. (1982). A theory of auctions and competitive bidding. Econometrica, 50, 1089-1122.
    • (1982) Econometrica , vol.50 , pp. 1089-1122
    • Milgrom, P.R.1    Weber, R.J.2
  • 23
    • 0032400009 scopus 로고    scopus 로고
    • Minimal conditions for the creation of a unit relationship: The social bond between birthdaymates
    • Miller, D.T., Downs, J.S., & Prentice, D.A. (1998). Minimal conditions for the creation of a unit relationship: the social bond between birthdaymates. European Journal of Social Psychology, 28, 475-481.
    • (1998) European Journal of Social Psychology , vol.28 , pp. 475-481
    • Miller, D.T.1    Downs, J.S.2    Prentice, D.A.3
  • 24
    • 34447285474 scopus 로고    scopus 로고
    • Compensating for the winner's curse: Experimental evidence
    • Parlour, C. A., Prasnikar, V. & Rajan, U. (2007).Compensating for the winner's curse: Experimental evidence. Games and Economic Behavior, 60, 339-356.
    • (2007) Games and Economic Behavior , vol.60 , pp. 339-356
    • Parlour, C.A.1    Prasnikar, V.2    Rajan, U.3
  • 25
    • 0042884649 scopus 로고
    • Bidding behavior in first price sealed bid auctions: Use of computerized nash competitors
    • Walker, J. M., Smith, V. L. & Cox, J. C. (1987). Bidding behavior in first price sealed bid auctions: use of computerized Nash competitors. Economic Letters, 23, 239-244.
    • (1987) Economic Letters , vol.23 , pp. 239-244
    • Walker, J.M.1    Smith, V.L.2    Cox, J.C.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.