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National Repository of Grey Literature 1 records found  Search took 0.01 seconds. 
Analysis of the behavior and decision-making of the Dutch auction and the ascending auction with one price of homogeneous product
 Svatošová, Ludmila ; Hudík, Marek (advisor) ; Svoboda, Miroslav (referee)
This work deals with the behavior and decision making of players in the English auction with homogeneous goods. To analyze the behavior and decision making, laboratory experiment was conducted. It contains the description and analysis of laboratory experiment, which was carried out for the purposes of this thesis. The fundamental question that this work tries to answer is whether the frequency of the optimal price varies according to auction environment and whether, in all environments the choice of optimal strategy prevails. The experiment used three types of environments, each of them is characterized by a different probability distribution of values. Analysis produced as follows: first in each auction round the optimal prices was determineds and then it was compared to the price actually achieved. Based on this analysis it was found that the frequency of optimal price choices doesn't differs significantly depending on the environment. However , the optimal price was achieved only in very few rounds of the auction.
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