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

Name	File Type	Size	Last Modified
CHK_inexp_duration.txt	text/plain	779.7 KB	12/07/2019 07:41:AM
CHK_maindataset.txt	text/plain	3.9 MB	12/07/2019 07:41:AM
CHK_readme.pdf	application/pdf	231.9 KB	12/07/2019 07:41:AM

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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