@article{zakonnik2022issue,
  title = {The Issue of Overestimating the Final Price in Online Auctions  In The Context of User Experience – Based on Selected EEU Markets},
  author = {Lukasz ZAKONNIK and Grzegorz PODGORSKI and Piotr CZERWONKA},
  year = 2022,
  url = {https://ibimapublishing.com/p-articles/39ECO/2022/3930522/},
  journal = {Communications of International Proceedings},
  volume = 2022 (13),
  abstract = {In the article, the authors ask whether and to what extent does the experience of the buyer play a role in overestimating the final price in online auctions (winner's curse). The article, as part of the expert study, defines how the buyer's experience is understood and specifies 6 assumptions. The verification of the assumptions, in most cases, indicated that the victims of the winner's curse are people with less experience, only in one case the opposite situation occurred –  it was dictated by the use of programs that automatically, on behalf of the user, submit an offer at the last possible moment of the auction (the so-called sniper). The article suggests the possibility of managing the risk of an unfavorable transaction.},
  keywords = {e-commerce; transaction cost; online auction; user behavior; online auction risk management},
  note = Article ID: 3930522
}