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First price auctions under prospect theory with linear probability weighting
(Bilkent University, 2011)
Overbidding in first-price sealed-bid auctions is a well-known result in the auction theory literature. For the possible reasons behind this phenomenon, economists provided many explanations; such as risk aversion, regret ...
Non-cooperative game theory under prospect theory
(Bilkent University, 2016-05)
This dissertation consists of three essays in which I study prospect theory preferences in non-cooperative game-theoretic frameworks. In decision-making experiments, it is commonly observed that actual choice behavior might ...