| Article ID: | iaor200945311 |
| Country: | United States |
| Volume: | 4 |
| Issue: | 3 |
| Start Page Number: | 167 |
| End Page Number: | 172 |
| Publication Date: | Sep 2007 |
| Journal: | Decision Analysis |
| Authors: | Rothkopf Michael H |
| Keywords: | decision theory, game theory |
For bidders in standard sealed bid auctions, I believe that decision theory dominates game theory. Even in the design of auctions, decision theory competes well with game theory. This paper explains why I have reached these conclusions.