Anticipated Loser Regret in Third Price Auctions
Emel Filiz Ozbay and Erkut Y. Ozbay
,
2
(
107
)
Economics Letters
217-219
May
2010
Abstract
Losing the auction at an affordable price generates loser regret. In third price auctions if bidders anticipate loser regret, then in line with the experimental findings, in a symmetric equilibrium the bids are more than the risk neutral Nash equilibrium.
