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Showing 1 to 2 of 2 for “"experimental auctions"”.
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Essays in Behavioral Economics: Applying Prospect theory to Auctions
… of reference-dependent preferences in sealed-bid auctions. In the first part, I develop a Prospect theory based model to explain bidding in first-price auctions. I show that bidding in induced-value first-price sealed-bid auctions can be rationalized as a combination of reactions to underlying …
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Consumers' purchasing behaviour under risk and uncertainty: three essays on food authenticity
… mechanism (BDM) and second price Vickrey auctions (SPVA). It investigates if deviations from theoretical predications can be ascribed to bidding behaviour that is inconsistent with standard theories of decision making (i.e. Expected Utility Theory and Subjective Expected Utility Theory). …