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

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