%0 Journal Article
%@ 0165-1765
%A Armantier, Olivier
%A Treich, Nicolas
%D 2009
%F publications:2350
%I Elsevier
%J Economics Letters
%N 2
%P 83-85
%R 10.1016/j.econlet.2009.04.016
%T Star-Shaped Probability Weighting Functions and Overbidding in First-Price Auctions
%U https://publications.ut-capitole.fr/id/eprint/2350/
%V 104
%X There is a debate about whether risk aversion is the main source of overbidding in a first-price independent private values auction. As an alternative, we adopt a non-expected utility framework, and identify an interpretable property on the probability weighting function which always induces overbidding.