Title
An exploratory look at early online auction decisions: extending signal theory
Abstract
AbstractExtant literature in decision theory suggests that online auction buyers depend on signals for mitigating uncertainty that influence bidder behavior at multiple points. However, the depth and breadth of the use of signals has only been partially explored. Using data from 242 online auction users, we show that eight emergent factors influence decisions of auction selection and initial bid in different ways. We further find that two ethical perspectives impact the evaluation of seller uncertainty in unique ways, although neither perspective predominates within our sample. These results enable sellers and online auction marketplaces to better design and implement auction systems that provide signals that buyers most desire.
Year
DOI
Venue
2015
10.4067/S0718-18762015000100004
Periodicals
Keywords
Field
DocType
Online auctions,Signal theory,Ethics,Uncertainty,Decision theory,Contractarianism,Objectivism
Unique bid auction,Computer science,Eauction,Auction theory,Vickrey–Clarke–Groves auction,Decision theory,Forward auction,Online auction,Marketing,Social contract
Journal
Volume
Issue
ISSN
10
1
0718-1876
Citations 
PageRank 
References 
1
0.35
23
Authors
4
Name
Order
Citations
PageRank
John R. Drake1124.35
Dianne J. Hall2405.99
Casey G. Cegielski312615.38
Terry Anthony Byrd4126870.57