کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
7242894 1471645 2015 14 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Does feedback really matter in one-shot first-price auctions?
ترجمه فارسی عنوان
آیا بازخورد واقعا در اولویت های یک شات تاثیر می گذارد؟
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی
Does the type of posterior feedback affect how people decide in one-shot environments? We revisit this question in first-price auction markets. We consider three feedback types: minimal (only knowing whether winning or not), loser (also knowing the winning bid) and winner (knowing the second highest bid if winning). Filiz-Ozbay and Ozbay (2007) find that loser as opposed to minimal or winner feedback increases bids. We use three novel protocols and additionally replicate theirs. Using a sample of 624 subjects, we find that bidders' ex ante knowledge of posterior feedback type has no systematic effect on the average bid/value ratios.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Behavior & Organization - Volume 119, November 2015, Pages 139-152
نویسندگان
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