1. In Class Game Winner’s Curse
Game Theory
In Class Game
Winner’s Curse

2. Results Average Oil Field Value: Average Bid: $2,013,000
$1,664,000 (-17%)

3. Results Average Oil Field Value: Average Bid: Average Winning Bid:
$2,013,000
Average Bid:
$1,664,000 (-17%)
Average Winning Bid:
$2,163,000 (+ 7%)

4. Class Bids

5. Class Bids

6. Winner’s Curse # Winner Value Bid 1 Martin 2 Justin 3 Rosauri 4
Liuting 5
Ian 6
Noah 7
Divine 8
Andrew

7. Winner’s Curse # Winner Value Bid 1 Martin 2010 2 Justin 1630 3
Rosauri
2210 4
Liuting
1770 5
Ian
1830 6
Noah
2400 7
Divine
2360 8
Andrew
1890

8. Winner’s Curse # Winner Value Bid 1 Martin 2010 2100 (- 90) 2 Justin
2100 (- 90) 2
Justin
1630
2220 (-570) 3
Rosauri
2210
1900 ( 310) 4
Liuting
1770
(-530) 5
Ian
1830
1800 ( 30) 6
Noah
2400
2350 ( 50) 7
Divine
2360
(- 40) 8
Andrew
1890
(-365)