A Comment on “Can Relaxation of Beliefs Rationalize the Winner's Curse?: An Experimental Study”

S-Tier
Journal: Econometrica
Year: 2015
Volume: 83
Pages: 375-383

Authors (2)

Miguel A. Costa‐Gomes (not in RePEc) Makoto Shimoji

Score contribution per author:

4.022 = (α=2.01 / 2 authors) × 4.0x S-tier

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

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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.

Technical Details

RePEc Handle
repec:wly:emetrp:v:83:y:2015:i::p:375-383
Journal Field
General
Author Count
2
Added to Database
2026-01-25