{"product_id":"the-influence-of-outside-options-on-second-price-auction-outcomes-experimental-economics-von-jakob-eichberger","title":"The Influence of Outside Options on Second-Price Auction Outcomes","description":"\u003cp\u003eThis work deals with the study of subjects¿ behavior in an auction and attempts to contribute a small part of understanding to the big picture of this topic by targeting the following two research questions: Is there a difference between outside options for all or a lottery for an outside option for one ¿loser¿ with equivalent expected value? Does group size influence bids in a second price auction? To answer these questions we conducted an experiment at the Max Jung laboratory, sited at Graz University.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783639485387\"\u003e\u003ch3\u003eExperimental Economics\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783639485387","offer_id":39439534391389,"sku":"9783639485387","price":43.95,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/7de09d90-aee6-433a-ba81-34126ad2d21f.jpg?v=1775885284","url":"https:\/\/shop.autorenwelt.de\/products\/the-influence-of-outside-options-on-second-price-auction-outcomes-experimental-economics-von-jakob-eichberger","provider":"Autorenwelt Shop","version":"1.0","type":"link"}