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Explaining the favorite-longshot bias : is it risk-love or misperceptions?
Snowberg, Eric; Wolfers, Justin - 2010
The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates … misperceptions of probability drive the favorite-longshot bias, as suggested by Prospect Theory. -- pricing under risk ; probability … ; weighting ; compound lotteries ; favourite-longshot bias …
Persistent link: https://www.econbiz.de/10003965888
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Biased perceptions of income inequality and redistribution
Engelhardt, Carina; Wagener, Andreas - 2014
When based on perceived rather than on objective income distributions, the Meltzer-Richards hypothesis and the POUM hypothesis work quite well empirically: there exists a positive link between perceived inequality or perceived upward mobility and the extent of redistribution in democratic...
Persistent link: https://www.econbiz.de/10010366191
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Risk aversion as a perceptual bias
Khaw, Mel Win; Li, Ziang; Woodford, Michael - 2017
bias | but one that represents an optimal Bayesian decision, given the limitations of the mental representation of the …
Persistent link: https://www.econbiz.de/10011638247
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Competing for attention on information platforms : the case of news outlets
Meyer, Tim; Kerkhof, Anna; Cennamo, Carmelo; … - 2022
Mainstream logic supports the idea that platforms bring large benefits to firms, especially smaller ones, by opening up access to a broader set of consumers and making firms' products easier to find. However, this argument mostly applies to transaction platforms that match consumer preferences...
Persistent link: https://www.econbiz.de/10013285516
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Attention, recall and purchase : experimental evidence on online news and advertising
Valletti, Tommaso M.; Veiga, André - 2021
We conduct an experiment where subjects read online news articles and are shown ads for brands next to those articles. Using eye-tracking technology, we measure the attention that each individual devotes to each article and ad. Then, respondents choose between cash or vouchers for the brands...
Persistent link: https://www.econbiz.de/10012495704
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Salience in retailing : vertical restraints on internet sales
Helfrich, Magdalena; Herweg, Fabian - 2017 - This version: August 14, 2017
consumers' preferences for purchasing in the physical store and the stronger their salience bias, the more likely it is that a …
Persistent link: https://www.econbiz.de/10011717196
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Contracts, biases and consumption of access services
Leider, Stephen G.; Sahin, Ozge - 2012
We consider a consumption model that takes into account the valuation and demand uncertainties that consumers face while using access services. Typical examples of such services include telecommunication services, extended warranties for consumer electronics, and club memberships. We demonstrate...
Persistent link: https://www.econbiz.de/10009489036
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Beliefs as a means of self-control? : evidence from a dynamic student survey
Bönisch, Felix; König, Tobias; … - 2024
We repeatedly elicit beliefs about the returns to study effort, in a large university course. A behavioral model of quasi-hyperbolic discounting and malleable beliefs predicts that the dynamics of beliefs mirrors the importance of exerting self-control, such that believed returns increase as the...
Persistent link: https://www.econbiz.de/10014490754
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Manufacturers and retailers in the global economy
Raff, Horst; Schmitt, Nicolas - 2011
We develop a general-equilibrium model to capture key features of the retailing and of the manufacturing industry in order to understand how these two industries interact and how labor is allocated between them. We show that the observed shift in employment from manufacturing to retailing, the...
Persistent link: https://www.econbiz.de/10009230887
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Shop around and you pay more
Yan, Ji; Tian, Kun; Dixon, Huw; Heravi, Saeed M.; … - 2014
We examine the relationship between the prices paid by households and their shopping patterns measured in terms of shopping frequency and the range of stores visited. We use the TNS data which allows us to control for household heterogeneity. The main contribution of the paper is that we find...
Persistent link: https://www.econbiz.de/10010393118