Rationality, Irrationality and Escalating Behavior in Lowest Unique Bid Auctions

Filippo Radicchi; Andrea Baronchelli; Luís A. N. Amaral

doi:10.1371/journal.pone.0029910

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Peer-reviewed

Research Article

Rationality, Irrationality and Escalating Behavior in Lowest Unique Bid Auctions

Filippo Radicchi,

Affiliations Howard Hughes Medical Institute (HHMI), Northwestern University, Evanston, Illinois, United States of America, Department of Chemical and Biological Engineering, Northwestern University, Evanston, Illinois, United States of America, Departament d'Enginyeria Quimica, Universitat Rovira i Virgili, Tarragona, Catalunya, Spain
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Andrea Baronchelli,

Affiliation Departament de Física i Enginyeria Nuclear, Universitat Politècnica de Catalunya, Campus Nord B4, Barcelona, Spain
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Luís A. N. Amaral

* E-mail: amaral@northwestern.edu

Affiliations Howard Hughes Medical Institute (HHMI), Northwestern University, Evanston, Illinois, United States of America, Department of Chemical and Biological Engineering, Northwestern University, Evanston, Illinois, United States of America, Northwestern Institute on Complex Systems (NICO), Northwestern University, Evanston, Illinois, United States of America
⨯

Rationality, Irrationality and Escalating Behavior in Lowest Unique Bid Auctions

Filippo Radicchi,
Andrea Baronchelli,
Luís A. N. Amaral

Published: January 18, 2012
https://doi.org/10.1371/journal.pone.0029910

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Media Coverage of This Article

Posted by PLOS_ONE_Group on 23 Mar 2012 at 20:19 GMT

The following articles represent some of the media coverage that has occurred for this paper:

Publication: Psych Central News
Title: “Odds Stacked Against You in Online Auctions | Psych Central News”
http://psychcentral.com/n...

Publication: Northwestern University Newscenter
Title: “Who Wouldn't Pay a Penny for a Sports Car? : Northwestern University Newscenter”
http://www.northwestern.e...

If you see any additional coverage of this paper in the press or blogosphere, please reply to this thread and add the link to the article.

Competing interests declared: PLoS ONE Staff

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Rationality, Irrationality and Escalating Behavior in Lowest Unique Bid Auctions

Rationality, Irrationality and Escalating Behavior in Lowest Unique Bid Auctions

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Media Coverage of This Article

Posted by PLOS_ONE_Group on 23 Mar 2012 at 20:19 GMT