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econ.TH2026
Auctions as Experiments
Mira Frick, Ryota Iijima, Yuhta Ishii +1
Consider an auction with buyers whose values depend on an underlying state (e.g., market fundamentals). How does the auction format shape the information that buyers' bids reveal a…
econ.TH2026
Solving Problems of Unknown Difficulty
Nicholas Wu
This paper studies how uncertainty about problem difficulty shapes problem-solving strategies. I develop a dynamic model where an agent solves a problem by brainstorming approaches…