Why do biased heuristics approximate Bayes rule in double auctions?

B-Tier

Journal: Journal of Economic Behavior and Organization

Year: 2001

Volume: 46

Issue: 4

Pages: 431-435

Authors (2)

Jamal, Karim (not in RePEc) Sunder, Shyam (Yale University)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count