Auction fever: The effect of opponents and quasi-endowment on product valuations
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TLDR
In this article, the authors focus on two dynamic effects, which they call quasi-endowment and opponent effect, and find that these effects may result in over-bidding.About:
This article is published in Journal of Interactive Marketing.The article was published on 2004-01-01 and is currently open access. It has received 216 citations till now. The article focuses on the topics: Auction sniping & Common value auction.read more
Citations
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Journal ArticleDOI
Online Dating A Critical Analysis From the Perspective of Psychological Science
TL;DR: Whether online dating is fundamentally different from conventional offline dating and whether online dating promotes better romantic outcomes than conventional offlinedating are examined, psychological science employs psychological science to examine.
Journal ArticleDOI
Economic Insights from Internet Auctions
Patrick Bajari,Ali Hortacsu +1 more
TL;DR: A survey of recent studies of internet auctions can be found in this article, where several methods have been proposed to quantify the distortions caused by asymmetric information in these markets, most notably due to the winner's curse.
Journal ArticleDOI
Strategic Herding Behavior in Peer-to-Peer Loan Auctions
TL;DR: In this paper, the authors studied the role of strategic herding in online peer-to-peer loan auctions on Prosper.com and found a positive association between herding behavior and its subsequent performance.
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An experimental analysis of ending rules in Internet auctions
TL;DR: In this article, the authors examine how behavior is shaped by the different opportunities for learning provided in the auction conditions. And they find that the difference in the ending rules is sufficient by itself to produce the differences in late bidding observed in the field data.
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When Do Losses Loom Larger than Gains
TL;DR: In this paper, the authors expand Novemsky and Kahneman's summary by exploring two critical constructs that help define the boundaries of loss aversion: emotional attachment and cognitive perspective.
References
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Book ChapterDOI
Prospect theory: an analysis of decision under risk
Daniel Kahneman,Amos Tversky +1 more
TL;DR: In this paper, the authors present a critique of expected utility theory as a descriptive model of decision making under risk, and develop an alternative model, called prospect theory, in which value is assigned to gains and losses rather than to final assets and in which probabilities are replaced by decision weights.
Book
Judgment Under Uncertainty: Heuristics and Biases
Amos Tversky,Daniel Kahneman +1 more
TL;DR: The authors described three heuristics that are employed in making judgements under uncertainty: representativeness, availability of instances or scenarios, and adjustment from an anchor, which is usually employed in numerical prediction when a relevant value is available.
Journal ArticleDOI
Prospect theory: analysis of decision under risk
Daniel Kahneman,Amos Tversky +1 more
Posted Content
Choices, Values, and Frames
Daniel Kahneman,Amos Tversky +1 more
TL;DR: Prospect theory as mentioned in this paper is an alternative to the classical utility theory of choice, and has been used to explain many complex, real-world puzzles, such as the principles of legal compensation, the equity premium puzzle in financial markets, and the number of hours that New York cab drivers choose to drive on rainy days.
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Last-Minute Bidding and the Rules for Ending Second-Price Auctions: Evidence from eBay and Amazon Auctions on the Internet
Alvin E. Roth,Axel Ockenfels +1 more
The Winner's Curse, Reserve Prices and Endogenous Entry: Empirical Insights From eBay Auctions.
Patrick Bajari,Ali Hortacsu +1 more