The Influence of Outside Options on Second-Price Auction Outcomes

ISBN-13: 9783639485387 / Angielski / Miękka / 2013 / 84 str.

Eichberger Jakob

Opis

This work deals with the study of subjects behavior in an auction and attempts to contribute a small part of understanding to the big picture of this topic by targeting the following two research questions: Is there a difference between outside options for all or a lottery for an outside option for one "loser" with equivalent expected value? Does group size influence bids in a second price auction? To answer these questions we conducted an experiment at the Max Jung laboratory, sited at Graz University.

O autorze

Born in Graz, Austria. Bachelor's and master's degree at Karl-Franzens-University of Graz with focus on finance and management.