Failure of the Becker–DeGroot–Marschak mechanism in inexperienced subjects: New tests of the game form misconception hypothesis

B-Tier
Journal: Journal of Economic Behavior and Organization
Year: 2019
Volume: 159
Issue: C
Pages: 235-253

Authors (4)

Bull, Charles (not in RePEc) Courty, Pascal (not in RePEc) Doyon, Maurice (not in RePEc) Rondeau, Daniel (University of Victoria)

Score contribution per author:

0.503 = (α=2.01 / 4 authors) × 1.0x B-tier

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

Abstract

Cason and Plott (2014, hereafter CP) conclude that sub-optimal behavior in the (second price) Becker-DeGroot-Marschak mechanism (BDM) is consistent with the hypothesis that a significant proportion of subjects misconceive the BDM as a first price auction. We broadly replicate CP’s results, formalize a game form recognition theory for the analysis of treatment effects, and explore the robustness of CP’s conclusions across four treatments. We conclude that the pattern of misconception that explains the BDM data cannot simultaneously explain observed choices in closely related treatments.

Technical Details

RePEc Handle
repec:eee:jeborg:v:159:y:2019:i:c:p:235-253
Journal Field
Theory
Author Count
4
Added to Database
2026-01-25