Optimistic overconfidence in electronic reverse auctions
作者：
Highlights：
• We consider overconfidence in electronic reverse auctions.
• These auctions have both common and private value aspects.
• The effect on cost perception is stronger than on subjective probability of winning.
• Overconfidence is mitigated by risk literacy.
• Information presentation has a limited effect on overconfidence.
摘要
•We consider overconfidence in electronic reverse auctions.•These auctions have both common and private value aspects.•The effect on cost perception is stronger than on subjective probability of winning.•Overconfidence is mitigated by risk literacy.•Information presentation has a limited effect on overconfidence.
论文关键词：Reverse auctions,Overconfidence,Information representation,Experiment
论文评审过程：Received 17 August 2018, Revised 23 January 2019, Accepted 23 March 2019, Available online 9 April 2019, Version of Record 21 May 2019.
论文官网地址：https://doi.org/10.1016/j.elerap.2019.100842
