The value of victory
Auctions, normally considered as devices facilitating trade, also provide a way to probe mechanisms governing one's valuation of some good or action. One of the most intriguing phenomena in auction behavior is the winner's curse --- the strong tendency of participants to bid more than rati...
| Main Authors: | , , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Society for Judgment and Decision Making
2008-10-01
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| Series: | Judgment and Decision Making |
| Subjects: | |
| Online Access: | http://journal.sjdm.org/8826/jdm8826.pdf |