Ara
Toplam kayıt 2, listelenen: 1-2
On (mis-)perception of probabilities in first-price sealed-bid auctions
(Economics Bulletin, 2019)
We study a two-stage probability weighting model [see Tversky and Fox 1995] in a first-price sealed-bid auction. We present the unique symmetric equilibrium and provide some experimental support for our model.
Cumulative prospect theory preferences in rent-seeking contests
(Elsevier Science, 2018)
We investigate the equilibrium behavior for agents with cumulative prospect theory preferences in rent-seeking contests. Characterizing the equilibrium effort levels we present results on the existence of equilibrium and ...