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The bounded rationality of bidders in auctions.
| Reference | Distorted subjective conditions | Method |
|---|---|---|
| Adomavicius et al.20 | Complexity | Experimental design |
| Qian21 | Expected profits | Mathematical model |
| Gao22,23 | Utility distortion | Mathematical model |
| Peng and Liu19 | Cumulative prospect theory | Mathematical model |
| Shachat and Tan25 | Probabilistic distortion | Mathematical model and experimental design |
| This study | Utility distortion and probability distortion | Mathematical model |
