ROTISSERIE: Combatting "auction fever"
Jan 20 2012
Most managers in auction-format leagues can name a time in which they had either spent too much on a player during an auction, or conversely, didn't spend enough on that player who was coveted pre-auction. In today's column, we explore the concept of "auction fever," or the tendency to over-bid in auctions, and how it may affect the auction-format fantasy baseball manager.
Escalation of Commitment and Competitive Arousal
As anyone who has experienced an auction-format knows, the auction is an exciting and emotionally- charged event. Competition figures prominently which further leads to even more arousal. To illustrate how emotions and arousal come into play during auctions, I'll share an exercise that I do with undergraduates in...
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