Replication data for: Selection Bias, Demographic Effects, and Ability Effects in Common Value Auction Experiments

Principal Investigator(s): View help for Principal Investigator(s) Marco Casari; John C. Ham; John H. Kagel

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Project Citation:

Casari, Marco, Ham, John C., and Kagel, John H. Replication data for: Selection Bias, Demographic Effects, and Ability Effects in Common Value Auction Experiments. Nashville, TN: American Economic Association [publisher], 2007. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-07. https://doi.org/10.3886/E116287V1

Project Description

Summary: Inexperienced women, along with economics and business majors, are much more susceptible to the winner's curse, as are subjects with lower SAT/ACT scores. There are strong selection effects in bid function estimates for inexperienced and experienced subjects due to bankruptcies and bidders who have lower earnings returning less frequently as experienced subjects. These selection effects are not identified using standard econometric techniques but are identified through experimental treatment effects. Ignoring these selection effects leads to misleading estimates of learning. (JEL D44, D83, J16)

Scope of Project

JEL Classification:
      D44 Auctions
      D83 Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
      J16 Economics of Gender; Non-labor Discrimination

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Published Versions

V1 [2019-12-07]

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