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- W1545133769 abstract "This paper considers bidding automata programmed by experienced subjects insequential first price sealed bid auction experiments. These automata play againsteach other in computer tournaments. The risk neutral subgame perfect Nash equilibriumstrategy of the independent private value model serves as a benchmark. Theequilibrium strategy does not describe any of the heterogeneous automata programssubmitted by subjects and does not always perform better than average in the tournament." @default.
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- W1545133769 date "2004-01-01" @default.
- W1545133769 modified "2023-09-23" @default.
- W1545133769 title "Bidding strategies of sequential first price auctions programmed by experienced bidders" @default.
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