Aufsatz(elektronisch)#12020
Self Serving Reference Points in Double Auctions
In: Bulletin of Economic Research, Band 72, Heft 1, S. 77-85
5 Ergebnisse
Sortierung:
In: Bulletin of Economic Research, Band 72, Heft 1, S. 77-85
SSRN
In: Bulletin of economic research, Band 72, Heft 1, S. 77-85
ISSN: 1467-8586
AbstractWe present a novel approach for modelling self serving bias by way of reference dependence. Bias is modelled as a systematic individual level deviation of the endogenous reference point from the expected price of a good in a two person k‐double auction. We find that bias decreases the efficiency of the model, and that efficiency is decreasing in both the level of bias and reference dependence.
In: Journal of economic behavior & organization, Band 112, S. 46-63
ISSN: 1879-1751, 0167-2681
SSRN
SSRN