RT Journal Article
SR 00
ID 10.1016/j.econlet.2009.04.016
A1 Armantier, Olivier
A1 Treich, Nicolas
T1 Star-Shaped Probability Weighting Functions and Overbidding in First-Price Auctions
JF Economics Letters
YR 2009
FD 2009-08
VO 104
IS 2
SP 83
OP 85
AB 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.
PB Elsevier
SN 0165-1765
LK https://publications.ut-capitole.fr/id/eprint/2350/
UL http://tse-fr.eu/pub/20593