Arbeitspapier
Emotions and Economic Shocks in a First-Price Auction
We investigate experimentally whether emotions affect bidding behavior in a firstprice auction. To induce emotions, we confront subjects after a first auction series with apositive or negative random economic shock. We then explore the relation between emotions andbidding behavior in a second auction series. Our main results are: (i) the economic shock has asubstantial impact on the experienced emotions of bidders; (ii) the emotional statesystematically influences bidding behavior. In particular, negative emotions induce morecompetitive bidding. Our findings show that for a good understanding of bidder behavior theemotions have to be taken into account.
- Sprache
-
Englisch
- Erschienen in
-
Series: Tinbergen Institute Discussion Paper ; No. 03-056/1
- Klassifikation
-
Wirtschaft
Relation of Economics to Other Disciplines
Noncooperative Games
Design of Experiments: Laboratory, Individual
Design of Experiments: Laboratory, Group Behavior
- Thema
-
auction
economic shock
emotion
experiment.
Auktion
Schock
Test
Theorie
Emotion
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bosman, Ronald
Riedl, Arno
- Ereignis
-
Veröffentlichung
- (wer)
-
Tinbergen Institute
- (wo)
-
Amsterdam and Rotterdam
- (wann)
-
2003
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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Objekttyp
- Arbeitspapier
Beteiligte
- Bosman, Ronald
- Riedl, Arno
- Tinbergen Institute
Entstanden
- 2003
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