We analyze the bidding behavior of expectations-based loss-averse bidders in auctions with
interdependent values. We emphasize the difference between the risk bidders face over …

By extending the equilibrium concepts of Kőszegi and Rabin, 2006, Kőszegi and Rabin,
2007, this paper analyzes the strategic interaction of expectation-based loss-averse players …

Evidence suggests that people evaluate outcomes relative to expectations. I analyze this
expectations-based loss aversion à la Kőszegi and Rabin in the context of dynamic and …

Empirical evidence from sequential auctions shows that prices of identical goods tend to
decline between rounds. In this paper, I show how expectations-based reference-dependent …

We present a game-theoretic model for Bayesian games that incorporates the concept of
expectation-based, reference-dependent preferences of Koszegi and Rabin (2006). We …

We examine bidding behavior in first-price sealed-bid and Dutch auctions, which are
strategically equivalent under standard preferences. We investigate whether the empirical …

Decisions under Uncertainty: Preferences, Institutions, and Social Interaction Page 1
Decisions under Uncertainty: Preferences, Institutions, and Social Interaction …

We show that it is beneficial for a buyer to conduct a multi-stage mechanism if bidders are
loss averse. In a first step, we derive a revenue equivalence principle. Fixing the multi-stage …

The first chapter examines the role that same-sex marriage legalization had on the number
of adoptions of children from foster care in the United States. We do so by employing a …

Over the past two decades, there have been a number of empirical studies focused on the
effects of reserve prices on auction outcomes. Much of this research has taken advantage of …