Colin F. Camerer, Salvatore Nunnari, Thomas R. Palfrey. Quantal response and nonequilibrium beliefs explain overbidding in maximum-value auctions. Games and Economic Behavior, 98:243-263, 2016. [doi]
@article{CamererNP16,
title = {Quantal response and nonequilibrium beliefs explain overbidding in maximum-value auctions},
author = {Colin F. Camerer and Salvatore Nunnari and Thomas R. Palfrey},
year = {2016},
doi = {10.1016/j.geb.2016.06.009},
url = {http://dx.doi.org/10.1016/j.geb.2016.06.009},
researchr = {https://researchr.org/publication/CamererNP16},
cites = {0},
citedby = {0},
journal = {Games and Economic Behavior},
volume = {98},
pages = {243-263},
}