On (mis-)perception of Probabilities in First-Price Sealed-Bid Auctions
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Date
2019
Authors
Kantur, Zeynep
Keskin, Kerim
Journal Title
Journal ISSN
Volume Title
Publisher
Economics Bulletin
Open Access Color
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Abstract
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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Turkish CoHE Thesis Center URL
Fields of Science
Citation
WoS Q
Scopus Q
Q3
Source
Volume
39
Issue
1
Start Page
726
End Page
733
