Penny auction game : sunk cost fallacy, loss aversion and bounded rationality.

• المؤلفون الرئيسيون: Chan, Pheng., Ng, Wei Liang., Wong, Heng Liang.
• مؤلفون آخرون: School of Humanities and Social Sciences
• التنسيق: Final Year Project
• اللغة: English
• منشور في: 2011
• الموضوعات: DRNTU::Social sciences::Economic theory
• الوصول للمادة أونلاين: http://hdl.handle.net/10356/44476
• المؤسسة: Nanyang Technological University

We have analyzed a new auction format where bid fees are incurred whenever bidders want to participate in auctions. We have collected a total of 464 auctions and captured 8431 bidders throughout a period of three months. Our research has adopted various techniques including regression and graphical...