Bidding in common value auctions: how the commercial construction industry corrects for the winner’s curse
Experienced construction executives suffer from a winner's curse in laboratory markets; industry-specific mechanisms, learned evaluation processes and private value elements explain their field success.
Experienced construction executives suffer from a winner's curse in laboratory markets; industry-specific mechanisms, learned evaluation processes and private value elements explain their field success.
Written from the abstract read 2026-10-12.
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Reproduced as it was written when this source was checked, figures and all.
doi:10.1287/mnsc.42.10.1463. Abstract read: experienced construction executives suffer from a winner's curse in laboratory markets; industry-specific mechanisms, learned evaluation processes and private value elements explain their field success.