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Nov 7, 2016 - AWI Experimental Economics
Trautmann, Stefan T.; Van de Kuilen, Gijs, 2015, "Reserve Price and Competing Bids: Reference Points for Product Evaluations in Online Auctions? [Dataset]", https://doi.org/10.11588/data/10055, heiDATA, V2, UNF:5:MSE9ibP7OksrRPc4OYvEGw== [fileUNF]
With an increasing number of products sold in online auctions, the effect of reference points on consumers’ product valuations has received much attention in the literature. Two potentially relevant factors affecting bidders’ preferences are the sellers’ reserve price and the com...
Sep 11, 2015 - AWI Experimental Economics
Trautmann, Stefan T.; Kocher, Martin; Pahlke, Julius, 2015, "An Experimental Study of Precautionary Bidding [Dataset]", https://doi.org/10.11588/data/10060, heiDATA, V2, UNF:5:RnlzAG0nN9/oXQdIQt8fdA== [fileUNF]
Auctions often involve goods exhibiting a common-knowledge ex-post risk. In such auctions, precautionary bidding predicts that under expected utility, DARA bidders reduce their bids by more than the appropriate risk premium. Because the degree of riskiness of an auctioned good an...
Mar 4, 2015 - AWI Experimental Economics
Trautmann, Stefan T.; Van de Kuilen, Gijs, 2015, "Prospect theory or construal level theory? Diminishing sensitivity vs. psychological distance in risky decisions [Dataset]", https://doi.org/10.11588/data/10040, heiDATA, V2
Attitudes toward risks are central to organizational decisions. These attitudes are commonly modeled by prospect theory. Construal level theory has been proposed as an alternative theory of risky choice, accounting for psychological distance deriving from temporal, spatial and so...
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