Articles - Dodonova
6 important questions on Articles - Dodonova
Describe the regret theory
Describe loser regret
Describe winner regret
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Are bidders in descending dutch auctions subject to winners and loser regret?
Describe if the third hypothesis in dodonova is confirmed? (The sellers’ revealed valuation of the object will be higher than the average revealed bidders’ valuation.)
Hypothesis 3 is confirmed: The sellers’ revealed valuation of the object did prove to be higher than the average revealed bidders’ valuation.
Which bias could be relevant in each of the auction formats? Use your answer to derive the three hypotheses.
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