tag:blogger.com,1999:blog-22093933.post2976312041022846569..comments2024-03-28T09:41:15.454-05:00Comments on Deric's MindBlog: Neuroeconomics - the neural circuitry of overbiddingDeric Bowndshttp://www.blogger.com/profile/16617204535017208765noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-22093933.post-30005626818450594002009-01-13T04:13:00.000-06:002009-01-13T04:13:00.000-06:00Maskin says that Delgado et al are not clear about...Maskin says that Delgado et al are not clear about their hypothesis and that their follow up experiment is not consistent with "fear of losing". However, I think that their follow up experiment showed quite clearly that when there is a framed loss, the overbidding tends to be more exaggerated. <BR/><BR/>In fact, I think it is Maskin who is unclear. I don't quite understand Maskin's "payment subtraction" hyphothesis and how it helps to model fear of losing. Can someone please explain?Anonymousnoreply@blogger.com