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Auctions with Anticipated Regret: Theory and Experiment
Theory Experiment
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2015/9/23
Why do we observe overbidding in first
price private value auctions? This paper aims
to answer this question, which has been extensively
studied in the literature, from a nonstandard
point of view...
Anticipated Loser Regret in Third Price Auctions
Overbidding Third price auction Regret
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2015/9/23
Losing the auction at an affordable price generates loser regret. In third price auctions if bidders anticipate
loser regret, then in line with the experimental findings, in a symmetric equilibrium t...