Fietz, Anica Veronika; Grüner, Sven - In: Agricultural and Food Economics : AFE 5 (2017) 22, pp. 1-10
-monetary variables “revenue” and “award” and the monetary variable “revenue” influence participants’ regret. We speculate that status quo … bias and loss aversion are the reasons why businesses favour maintaining the Smiley scheme once they have experienced it. …