Skip to content

Research at St Andrews

A comment on "Can relaxation of beliefs rationalize the winner's curse? An experimental study"

Research output: Contribution to journalArticle

DOI

Open Access permissions

Open

Author(s)

M.A. Costa-Gomes, M. Shimoji

School/Research organisations

Abstract

Ivanov, Levin, and Niederle (2010) use a common-value second-price auction experiment to reject beliefs-based explanations for the winner's curse. ILN's conclusion, however, stems from the misuse of theoretical arguments. Beliefs-based models are even compatible with some observations from ILN's experiment.
Close

Details

Original languageEnglish
Pages (from-to)375-383
Number of pages9
JournalEconometrica
Volume83
Issue number1
Early online date18 Feb 2015
DOIs
StatePublished - 2015

    Research areas

  • Beliefs-based models, Common-value auctions, Experiments

Discover related content
Find related publications, people, projects and more using interactive charts.

View graph of relations

Related by journal

  1. Persuasion of a privately informed receiver

    Kolotilin, A., Mylovanov, T., Zapechelnyuk, A. & Li, M. 26 Jun 2017 In : Econometrica.

    Research output: Contribution to journalArticle

  2. STOCHASTIC CHOICE AND CONSIDERATION SETS

    Manzini, P. & Mariotti, M. May 2014 In : Econometrica. 82, 3, p. 1153-1176 24 p.

    Research output: Contribution to journalArticle

  3. Stochastic choice and consideration sets

    Manzini, P. & Mariotti, M. 2014 In : Econometrica. 89, 3, p. 1153-1176 24 p.

    Research output: Contribution to journalArticle

  4. Aggregation and Optimization with State-Dependent Pricing: A Comment

    Damjanovic, V. & Nolan, C. Mar 2006 In : Econometrica. 74, 2, p. 565-573 9 p.

    Research output: Contribution to journalArticle

Related by journal

  1. Econometrica (Journal)

    Theodoros Diasakos (Reviewer)
    5 May 2010

    Activity: Publication peer-review and editorial workPeer review of manuscripts

ID: 172483290