eprintid: 2350 rev_number: 25 eprint_status: archive userid: 1482 importid: 105 dir: disk0/00/00/23/50 datestamp: 2012-01-18 05:53:58 lastmod: 2021-04-02 15:35:07 status_changed: 2016-12-08 13:45:15 type: article metadata_visibility: show creators_name: Armantier, Olivier creators_name: Treich, Nicolas creators_idrefppn: 176599940 title: Star-Shaped Probability Weighting Functions and Overbidding in First-Price Auctions ispublished: pub subjects: subjects_ECO abstract: 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. date: 2009-08 date_type: published publisher: Elsevier id_number: 10.1016/j.econlet.2009.04.016 official_url: http://tse-fr.eu/pub/20593 faculty: tse divisions: tse language: en has_fulltext: TRUE doi: 10.1016/j.econlet.2009.04.016 view_date_year: 2009 full_text_status: public publication: Economics Letters volume: 104 number: 2 pagerange: 83-85 refereed: TRUE issn: 0165-1765 oai_identifier: oai:tse-fr.eu:20593 harvester_local_overwrite: oai_set harvester_local_overwrite: volume harvester_local_overwrite: number harvester_local_overwrite: issn harvester_local_overwrite: faculty harvester_local_overwrite: site harvester_local_overwrite: abstract harvester_local_overwrite: doi harvester_local_overwrite: id_number harvester_local_overwrite: creators_idrefppn oai_lastmod: 2016-11-18T08:33:46Z oai_set: tse oai_set: ut1c site: ut1 citation: Armantier, Olivier and Treich, Nicolas (2009) Star-Shaped Probability Weighting Functions and Overbidding in First-Price Auctions. Economics Letters, 104 (2). pp. 83-85. document_url: https://publications.ut-capitole.fr/id/eprint/2350/1/armantier_2350.pdf