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Quantal response and nonequilibrium beliefs explain overbidding in maximum-value auctions.
Colin F. Camerer
Salvatore Nunnari
Thomas R. Palfrey
Published in:
Games Econ. Behav. (2016)
Keyphrases
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online auctions
resource allocation
multi attribute
trading agents
databases
real world
decision making
case study
learning environment
belief revision
empirical data
group buying
multi unit
auction protocol
information revelation