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Testing Theories of Gambler’s Fallacy and Hot-hand Fallacy : Probability Bias vs. Randomized Choice
Li, King King - 2019
experimentally test three competing theories of GF and HHF: probability bias, randomized choice, and bounded rationality. We find … the classical method suggests about 51% (48%). We show that probability bias, randomized choice, and bounded rationality …
Persistent link: https://www.econbiz.de/10012859406
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The value of and demand for diverse news sources
Calford, Evan M.; Charkraborty, Anujit - 2022
Persistent link: https://www.econbiz.de/10013283975
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Explaining the favorite-longshot bias : is it risk-love or misperceptions?
Snowberg, Erik; Wolfers, Justin - 2010
misperceptions of probability drive the favorite-longshot bias, as suggested by Prospect Theory. -- Pricing under risk ; probability …The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates … weighting ; compound lotteries ; favorite-longshot bias …
Persistent link: https://www.econbiz.de/10003958768
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Explaining the favorite-longshot bias : is it risk-love or misperceptions?
Snowberg, Erik; Wolfers, Justin - 2010
Persistent link: https://www.econbiz.de/10003991679
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Explaining the favorite-longshot bias : is it risk-love or misperceptions?
Snowberg, Eric; Wolfers, Justin - 2010
misperceptions of probability drive the favorite-longshot bias, as suggested by Prospect Theory. -- pricing under risk ; probability …The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates … ; weighting ; compound lotteries ; favourite-longshot bias …
Persistent link: https://www.econbiz.de/10003965888
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Explaining the Favorite-Longshot Bias : Is it Risk-Love or Misperceptions?
Snowberg, Erik - 2011
misperceptions of probability drive the favorite-longshot bias, as suggested by Prospect Theory …The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates …
Persistent link: https://www.econbiz.de/10013133607
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Explaining the Favorite-Longshot Bias : Is it Risk-Love or Misperceptions?
Snowberg, Erik C. - 2011
misperceptions of probability drive the favorite-longshot bias, as suggested by Prospect Theory …The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates …
Persistent link: https://www.econbiz.de/10013133624
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Explaining the Favorite-Longshot Bias : Is it Risk-Love or Misperceptions?
Snowberg, Erik - 2010
misperceptions of probability drive the favorite-longshot bias, as suggested by Prospect Theory …The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates …
Persistent link: https://www.econbiz.de/10013144509
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Explaining the Favorite-Longshot Bias : Is it Risk-Love or Misperceptions?
Snowberg, Erik - 2010
misperceptions of probability drive the favorite-longshot bias, as suggested by Prospect Theory …The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates …
Persistent link: https://www.econbiz.de/10012462728
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Understanding the Plott-Wit-Yang Paradox
Kalovcova, Katarina - 2009
Plott, Wit & Yang (2003) conduct a betting market experiment and find: First, information was aggregated. This suggests that traders updated their private information based on observed market odds. Second, a model based only on the use of private information seems to fit their data best. The...
Persistent link: https://www.econbiz.de/10013153388