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Title: Penny auction game : sunk cost fallacy, loss aversion and bounded rationality.
Authors: Chan, Pheng.
Ng, Wei Liang.
Wong, Heng Liang.
Keywords: DRNTU::Social sciences::Economic theory
Issue Date: 2011
Abstract: 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 analyses on evolution of variables of interests.
Rights: Nanyang Technological University
Fulltext Permission: restricted
Fulltext Availability: With Fulltext
Appears in Collections:HSS Student Reports (FYP/IA/PA/PI)

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