Naturally Occurring Markets and Exogenous Laboratory Experiments: A Case Study of The Winner's Curse
检验了实验室实验结论在现实中的适用性，发现经验丰富的代理人在熟悉角色中不会陷入赢者诅咒，但在陌生角色中会，说明理论预测需匹配关键条件。
We examine the relevance of experimental findings from laboratory settings that abstract from the field context of the task that theory purports to explain. Using common value auction theory as our guide, we identify naturally occurring settings in which one can test the theory. Experienced agents bidding in familiar roles do not fall prey to the winner's curse. Yet, experienced agents fall prey to the winner's curse when bidding in an unfamiliar role. We conclude that the theory predicts field behaviour well when one is able to identify naturally occurring field counterparts to the key theoretical conditions. Copyright © 2008 The Author(s).