A comment on "Can relaxation of beliefs rationalize the winner's curse? An experimental study"

Costa-Gomes, M.A.; Shimoji, M.

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Date

18/02/2015

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Abstract

Ivanov, Levin, and Niederle (2010) use a common-value second-price auction experiment to reject beliefs-based explanations for the winner's curse. ILN's conclusion, however, stems from the misuse of theoretical arguments. Beliefs-based models are even compatible with some observations from ILN's experiment.

Citation

Costa-Gomes , M A & Shimoji , M 2015 , ' A comment on "Can relaxation of beliefs rationalize the winner's curse? An experimental study" ' , Econometrica , vol. 83 , no. 1 , pp. 375-383 . https://doi.org/10.3982/ECTA11000

Publication

Econometrica

Status

Peer reviewed

DOI

https://doi.org/10.3982/ECTA11000

ISSN

0012-9682

Type

Journal article

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The copyright to this article is held by the Econometric Society, http://www.econometricsociety.org/. It may be downloaded, printed and reproduced only for personal or classroom use. Absolutely no downloading or copying may be done for, or on behalf of, any for-profit commercial firm or for other commercial purpose without the explicit permission of the Econometric Society. For this purpose, contact the Editorial Office of the Econometric Society at econometrica@econometricsociety.org.

Collections

University of St Andrews Research

URI

http://hdl.handle.net/10023/7366