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Ekonomi Bölümü Koleksiyonu
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Ekonomi Bölümü Koleksiyonu
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Browsing Ekonomi Bölümü Koleksiyonu by Publisher "Economics Bulletin"
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Article
On (mis-)perception of Probabilities in First-Price Sealed-Bid Auctions
(
Economics Bulletin
,
2019
)
Kantur, Zeynep
;
Keskin, Kerim
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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.
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