{"id":"https://openalex.org/W2034503931","doi":"https://doi.org/10.2753/mis0742-1222270309","title":"Bidding Patterns, Experience, and Avoiding the Winner's Curse in Online Auctions","display_name":"Bidding Patterns, Experience, and Avoiding the Winner's Curse in Online Auctions","publication_year":2010,"publication_date":"2010-12-01","ids":{"openalex":"https://openalex.org/W2034503931","doi":"https://doi.org/10.2753/mis0742-1222270309","mag":"2034503931"},"language":"en","primary_location":{"id":"doi:10.2753/mis0742-1222270309","is_oa":false,"landing_page_url":"https://doi.org/10.2753/mis0742-1222270309","pdf_url":null,"source":{"id":"https://openalex.org/S9954729","display_name":"Journal of Management Information Systems","issn_l":"0742-1222","issn":["0742-1222","1557-928X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547"],"host_organization_lineage_names":["Taylor & Francis"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Management Information Systems","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5064151012","display_name":"Robert F. Easley","orcid":"https://orcid.org/0000-0002-2347-9953"},"institutions":[{"id":"https://openalex.org/I107639228","display_name":"University of Notre Dame","ror":"https://ror.org/00mkhxb43","country_code":"US","type":"education","lineage":["https://openalex.org/I107639228"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Robert F. Easley","raw_affiliation_strings":["a Management Department of the Mendoza College of Business, University of Notre Dame","Management Department of the Mendoza College of Business, University of Notre Dame#TAB#"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"a Management Department of the Mendoza College of Business, University of Notre Dame","institution_ids":["https://openalex.org/I107639228"]},{"raw_affiliation_string":"Management Department of the Mendoza College of Business, University of Notre Dame#TAB#","institution_ids":["https://openalex.org/I107639228"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5058666321","display_name":"Charles Wood","orcid":"https://orcid.org/0000-0002-4256-1530"},"institutions":[{"id":"https://openalex.org/I165102784","display_name":"Duquesne University","ror":"https://ror.org/02336z538","country_code":"US","type":"education","lineage":["https://openalex.org/I165102784"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Charles A. Wood","raw_affiliation_strings":["b Palumbo-Donahue School of Business, Duquesne University in Pittsburgh, Pennsylvania","Palumbo-Donahue School of Business, Duquesne University in Pittsburgh, Pennsylvania"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"b Palumbo-Donahue School of Business, Duquesne University in Pittsburgh, Pennsylvania","institution_ids":["https://openalex.org/I165102784"]},{"raw_affiliation_string":"Palumbo-Donahue School of Business, Duquesne University in Pittsburgh, Pennsylvania","institution_ids":["https://openalex.org/I165102784"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5083479490","display_name":"Sharad Barkataki","orcid":null},"institutions":[{"id":"https://openalex.org/I122640774","display_name":"American University in Dubai","ror":"https://ror.org/0540vvc38","country_code":"AE","type":"education","lineage":["https://openalex.org/I122640774"]}],"countries":["AE"],"is_corresponding":false,"raw_author_name":"Sharad Barkataki","raw_affiliation_strings":["c American University in Dubai","American University in Dubai"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"c American University in Dubai","institution_ids":["https://openalex.org/I122640774"]},{"raw_affiliation_string":"American University in Dubai","institution_ids":["https://openalex.org/I122640774"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":3,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":1.3951,"has_fulltext":false,"cited_by_count":30,"citation_normalized_percentile":{"value":0.83158093,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"27","issue":"3","first_page":"241","last_page":"268"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11182","display_name":"Auction Theory and Applications","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11182","display_name":"Auction Theory and Applications","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11161","display_name":"Consumer Market Behavior and Pricing","score":0.9947999715805054,"subfield":{"id":"https://openalex.org/subfields/1406","display_name":"Marketing"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10328","display_name":"Supply Chain and Inventory Management","score":0.9757000207901001,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/winners-curse","display_name":"Winner's curse","score":0.9687709808349609},{"id":"https://openalex.org/keywords/common-value-auction","display_name":"Common value auction","score":0.9237855076789856},{"id":"https://openalex.org/keywords/bidding","display_name":"Bidding","score":0.9061502814292908},{"id":"https://openalex.org/keywords/curse","display_name":"Curse","score":0.8378387689590454},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.5744668245315552},{"id":"https://openalex.org/keywords/combinatorial-auction","display_name":"Combinatorial auction","score":0.5279639959335327},{"id":"https://openalex.org/keywords/auction-theory","display_name":"Auction theory","score":0.47054535150527954},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.4504668116569519},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.3217712640762329}],"concepts":[{"id":"https://openalex.org/C52572940","wikidata":"https://www.wikidata.org/wiki/Q617228","display_name":"Winner's curse","level":3,"score":0.9687709808349609},{"id":"https://openalex.org/C163239763","wikidata":"https://www.wikidata.org/wiki/Q5153637","display_name":"Common value auction","level":2,"score":0.9237855076789856},{"id":"https://openalex.org/C9233905","wikidata":"https://www.wikidata.org/wiki/Q3276328","display_name":"Bidding","level":2,"score":0.9061502814292908},{"id":"https://openalex.org/C2780273121","wikidata":"https://www.wikidata.org/wiki/Q109411","display_name":"Curse","level":2,"score":0.8378387689590454},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.5744668245315552},{"id":"https://openalex.org/C59919655","wikidata":"https://www.wikidata.org/wiki/Q5150821","display_name":"Combinatorial auction","level":3,"score":0.5279639959335327},{"id":"https://openalex.org/C11276805","wikidata":"https://www.wikidata.org/wiki/Q771334","display_name":"Auction theory","level":3,"score":0.47054535150527954},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4504668116569519},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.3217712640762329},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0},{"id":"https://openalex.org/C19165224","wikidata":"https://www.wikidata.org/wiki/Q23404","display_name":"Anthropology","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.2753/mis0742-1222270309","is_oa":false,"landing_page_url":"https://doi.org/10.2753/mis0742-1222270309","pdf_url":null,"source":{"id":"https://openalex.org/S9954729","display_name":"Journal of Management Information Systems","issn_l":"0742-1222","issn":["0742-1222","1557-928X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547"],"host_organization_lineage_names":["Taylor & Francis"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Management Information Systems","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":33,"referenced_works":["https://openalex.org/W1494498837","https://openalex.org/W1507264782","https://openalex.org/W1577178526","https://openalex.org/W1595841294","https://openalex.org/W1604910656","https://openalex.org/W1974044398","https://openalex.org/W1976984651","https://openalex.org/W2015527784","https://openalex.org/W2023587011","https://openalex.org/W2030121826","https://openalex.org/W2057350185","https://openalex.org/W2068853279","https://openalex.org/W2074940005","https://openalex.org/W2076003855","https://openalex.org/W2078234023","https://openalex.org/W2087193044","https://openalex.org/W2102612371","https://openalex.org/W2104124430","https://openalex.org/W2104471983","https://openalex.org/W2119634512","https://openalex.org/W2165216638","https://openalex.org/W2167058962","https://openalex.org/W2168486179","https://openalex.org/W2169416379","https://openalex.org/W2763638300","https://openalex.org/W2906581416","https://openalex.org/W3021813498","https://openalex.org/W3121172388","https://openalex.org/W3122799521","https://openalex.org/W3126020938","https://openalex.org/W4229759925","https://openalex.org/W4237284272","https://openalex.org/W6635689445"],"related_works":["https://openalex.org/W2186677217","https://openalex.org/W2084731049","https://openalex.org/W1562143335","https://openalex.org/W581048431","https://openalex.org/W1528498421","https://openalex.org/W1755993219","https://openalex.org/W4251613304","https://openalex.org/W4252015491","https://openalex.org/W3123600460","https://openalex.org/W2054697346"],"abstract_inverted_index":{"The":[0],"design":[1],"and":[2,33,58,87,91,177,209,249],"implementation":[3],"of":[4,14,23,28,45,73,85,103,131,135,164,180,188,192,246,253],"online":[5,66,128],"auctions":[6,105,120],"has":[7,18,184,240,256],"given":[8],"rise":[9],"to":[10,139,152,158,218],"a":[11,20,29,100,107,174,257],"unique":[12],"set":[13],"bidding":[15,56,143,206,247,254],"strategies":[16,93],"that":[17,96,141,183,220,238,250],"stimulated":[19],"growing":[21],"body":[22],"research.":[24],"We":[25,68,98,194,215],"make":[26,231],"use":[27],"theoretically":[30],"grounded,":[31],"well-understood,":[32],"empirically":[34],"observable":[35],"bidder":[36,54,92,204],"behavior\u2014the":[37],"winner's":[38,60,77,236],"curse":[39,61,78],"adjustment":[40,62],"for":[41,94,110,169,213,234,264],"the":[42,51,59,71,76,124,132,142,162,186,201,210,235,244,251,261,265],"expected":[43],"number":[44,163],"bidders":[46,148,221],"in":[47,63,106,127],"an":[48,241],"auction\u2014to":[49],"examine":[50,70],"relationships":[52,202],"between":[53,203],"experience,":[55,205],"patterns,":[57],"rare":[64,111],"coin":[65],"auctions.":[67,129,171],"also":[69,195],"impact":[72],"uncertainty":[74,86],"on":[75,243,260],"adjustment,":[79],"both":[80],"by":[81,88,122,199],"using":[82],"precise":[83],"measures":[84],"considering":[89],"seller":[90],"reducing":[95],"uncertainty.":[97],"analyze":[99],"complete":[101],"record":[102],"all":[104],"three-month":[108],"period":[109],"U.":[112],"S.":[113],"coins,":[114],"examining":[115,200],"284,681":[116],"bids":[117,157],"from":[118],"62,625":[119],"hosted":[121],"eBay,":[123],"market":[125],"leader":[126],"One":[130],"main":[133],"contributions":[134],"this":[136],"paper":[137],"is":[138,173],"demonstrate":[140],"patterns":[144,191,207],"associated":[145],"with":[146,222],"different":[147,189],"are":[149,216],"strongly":[150],"related":[151],"whether":[153],"they":[154],"calculate":[155],"their":[156],"take":[159],"into":[160],"account":[161],"competing":[165],"bidders,":[166],"as":[167],"predicted":[168],"common-value":[170],"This":[172],"substantial":[175],"extension":[176],"empirical":[178],"confirmation":[179],"prior":[181],"work":[182],"explored":[185],"implications":[187],"observed":[190],"bidding.":[193],"explore":[196],"new":[197],"territory":[198],"observed,":[208],"economic":[211,262],"outcomes":[212,263],"bidders.":[214,266],"able":[217],"show":[219],"more":[223],"domain-specific":[224],"experience":[225,239],"(rather":[226],"than":[227],"general":[228],"auction":[229],"experience)":[230],"better":[232],"adjustments":[233],"curse,":[237],"effect":[242,259],"type":[245,252],"strategy,":[248],"strategy":[255],"significant":[258]},"counts_by_year":[{"year":2025,"cited_by_count":2},{"year":2023,"cited_by_count":2},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":3},{"year":2019,"cited_by_count":4},{"year":2018,"cited_by_count":1},{"year":2016,"cited_by_count":5},{"year":2015,"cited_by_count":6},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":2},{"year":2012,"cited_by_count":1}],"updated_date":"2026-07-29T09:40:50.615796","created_date":"2025-10-10T00:00:00"}