Detecting false positives in experimental auctions: A case study of projection bias in food consumption

Teresa Briz, Andreas Drichoutis and Rodolfo Nayga

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper we argue that valuable information can be conveyed by looking at data coming from the training rounds of experimental auctions. As a case study, we use data from an experiment that seeks to elaborate on the mediating role of mood states on projection bias. Following a mood induction procedure, subjects are found to bid more under negative mood (as compared to positive mood) for products that are delivered in the future but bid less under negative mood for products that are delivered in present time. We show that if one had neglected insights gained from the training auction data, the researcher would have fallen prey to a case of a false positive result.

Keywords: projection bias; experimental auctions; type I error; false positive (search for similar items in EconPapers)
JEL-codes: C12 C90 (search for similar items in EconPapers)
Date: 2014-07-02
New Economics Papers: this item is included in nep-cbe and nep-exp
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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https://mpra.ub.uni-muenchen.de/57101/1/MPRA_paper_57101.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/57119/3/MPRA_paper_57119.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/70139/1/MPRA_paper_70139.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/73717/8/MPRA_paper_73717.pdf revised version (application/pdf)

Related works:
Working Paper: Detecting false positives in experimental auctions: A case study of projection bias in food consumption (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:57101

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