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...

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Bibliographic Details
Published in:	Judgment and Decision Making
Main Authors:	Wouter van den Bos, Jian Li, Tatiana Lau, Eric Maskin, Jonathan D. Cohen, P. Read Montague, Samuel M. McClure
Format:	Article
Language:	English
Published:	Cambridge University Press 2008-10-01
Subjects:	auctions winner's curse bounded rationality.NAKeywords
Online Access:	http://journal.sjdm.org/8826/jdm8826.pdf

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