Benford's Law and Psychological Barriers in Certain eBay Auctions
Ocean Fan Lu and
David Giles ()
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Ocean Fan Lu: Department of Economics, University of Victoria, http://web.uvic.ca/econ
No 606, Econometrics Working Papers from Department of Economics, University of Victoria
Using generalizations of Benford’s Law we test for the absence of psychological barriers at various price levels in eBay auctions for professional football tickets. Our empirical results indicate that this hypothesis cannot be rejected.
Keywords: Psychological barriers; auction prices; Benford’s law (search for similar items in EconPapers)
JEL-codes: C12 D44 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-spo
Note: ISSN 1485-6441
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Journal Article: Benford's Law and psychological barriers in certain eBay auctions (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:vic:vicewp:0606
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