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"Let me dream on!" : anticipatory emotions and preference for timing in lotteries

Kocher, Martin; Krawczyk, Michal; Winden, Frans A. A. M. van - 2009 - This version: September 2009

We analyze one of the explanations why people participate in lotteries. Our hypothesis stipulates that part of the … value that a unit of money buys in lotteries is consumed before the actual resolution in the form of emotions such as hope … emotions. This conjecture is tested in an experiment with real lottery tickets. We show that our theoretical considerations may …

Persistent link: https://www.econbiz.de/10011379382

‘Let me dream on!’ Anticipatory Emotions and Preference for Timing in Lotteries

Kocher, Martin; Krawczyk, Michal; Winden, Frans van - Tinbergen Institute - 2009

Persistent link: https://www.econbiz.de/10008513217

'Let me dream on!' Anticipatory Emotions and Preference for Timing in Lotteries

Kocher, Martin; Krawczyk, Michal; Winden, Frans van - Tinbergen Instituut - 2009

participate in lotteries. Our hypothesis stipulates that part of the value that a unit of money buys in lotteries is consumed … prefer a delayed resolution of risk due to positive anticipatory emotions. This conjecture is tested in an experiment with …

Persistent link: https://www.econbiz.de/10011257350

Least unmatched price auctions : a first approach

Eichberger, Jürgen; Vinogradov, Dmitri - 2008

Least-Unmatched Price Auctions have become a popular format of TV and radio shows. Increasingly, they are also applied in internet trading. In these auctions the lowest single (unique) bid wins. We analyze the game-theoretic solution of least unmatched price auctions when prize, bidding cost and...

Persistent link: https://www.econbiz.de/10003747367

When do reference points update? : a field analysis of the effect of prior gains and losses on risk-taking over time

Rüdisser, Maximilian; Flepp, Raphael; Franck, Egon - 2017

We study how temporal separations affect recurring decision-making under risk and thus ask when reference points update. Using both experimental and panel data from a casino, we analyze how individual risk-taking behavior during a casino visit depends on the outcomes of temporally separated...

Persistent link: https://www.econbiz.de/10011772875

Testing the Predictions of Decision Theories in a Natural Experiment when Half a Million is at Stake

Blavatskyy, Pavlo R.; Pogrebna, Ganna - 2009

and British versions of the show are used to test the predictions of ten decision theories: risk neutrality, expected …

Persistent link: https://www.econbiz.de/10014057702

Framing effects and impatience: Evidence from a large scale experiment

van der Heijden, Eline; Klein, Tobias J.; Müller, Wieland - 2012

We confront a representative sample of one 1,102 Dutch individuals with a series of incentivized investment decisions and also elicit their time preferences. There are two treatments that differ in the frequency at which individuals decide about the invested amount. The low frequency treatment...

Persistent link: https://www.econbiz.de/10010291450