Shimoji, Miguel A. Costa-Gomes and Makoto, and Makoto Shimoji. “A Comment on "Can Relaxation of Beliefs Rationalize the Winner's Curse?: An Experimental Study".” Econometrica, vol. 83, .no 1, Econometric Society, 2015, pp. 375-383, https://doi.org/10.3982/ECTA11000
Chicago
Shimoji, Miguel A. Costa-Gomes and Makoto, and Makoto Shimoji. “A Comment on "Can Relaxation of Beliefs Rationalize the Winner's Curse?: An Experimental Study".” Econometrica, 83, .no 1, (Econometric Society: 2015), 375-383. https://doi.org/10.3982/ECTA11000
APA
Shimoji, M. A. C.-G. a. M., & Shimoji, M. (2015). A Comment on "Can Relaxation of Beliefs Rationalize the Winner's Curse?: An Experimental Study". Econometrica, 83(1), 375-383. https://doi.org/10.3982/ECTA11000
Supplement to "A Comment on 'Can Relaxation of Beliefs Rationalize the Winner's Curse?: An Experimental Study'"
In this note, we provide (i) the derivation of the cursed equilibrium and analogy-based expectation equilibrium (which are the same under our specification) and (ii) the derivation of L1's bids with a discrete bid space (which is analogous to ILN's Proposition 3).
By clicking the "Accept" button or continuing to browse our site, you agree to first-party and session-only cookies being stored on your device. Cookies are used to optimize your experience and anonymously analyze website performance and traffic.
