Bidding Behavior in the Price is Right Game: an Experimental Study

Paul Healy () and Charles Noussair

Purdue University Economics Working Papers from Purdue University, Department of Economics

Abstract: In this paper, we present the design and the results of an experiment in which subjects participate in a bidding game identical to the one seen on the television game show "The Price is Right". Four players make sequential guesses about the price of an item, and the player whose guess is closest to, but without exceeding, the price, wins the item.

Keywords: PRICES; EXPERIMENTS; GAME THEORY (search for similar items in EconPapers)
JEL-codes: C7 C9 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2000-02
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Citations: View citations in EconPapers (2)

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Journal Article: Bidding behavior in the price is right game: an experimental study (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:pur:prukra:1132

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