Helsinki GSE Discussion Papers

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Helsinki GSE Discussion Papers

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  • Reference Dependence
  • Social Learning
  • Auctions
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  • Skill-Related Differences in Reference-Dependent Stopping

    Marco Lambrecht

    This paper examines reference-dependent stopping in repeated risky decisionmaking and its relation to skill dependence and individual ability. Using field data from online heads-up poker tournaments, …

    Discussion paper

  • Gradual Learning from Incremental Actions

    Tuomas Laiho, Pauli Murto, and Julia Salmi

    We introduce a collective experimentation problem where a continuum of agents choose the timing of irreversible actions under uncertainty and where public feedback from the actions arrives gradually …

    Discussion paper

  • Affiliated Common Value Auctions with Costly Entry

    Pauli Murto and Juuso Välimäki

    Many auctions and procurement contests entail nontrivial bidding costs, which makes the bidders’ participation decisions endogenous to the auction design. We analyze the effect of different auction …

    Discussion paper