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On the effect of anchoring on valuations when the anchor is transparently uninformative
Ioannidis, Konstantinos; Offerman, Theo; Sloof, Randolph - 2020 - Revision: April 2020
We test whether markets are needed to mitigate the effects of anchoring on peoples' pref- erences. We anchor subjects by asking them if they are willing to sell a bottle of wine for a transparently uninformative random price. We elicit subjects' Willingness-To-Accept for the bottle before and...
Persistent link: https://www.econbiz.de/10012122507
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The origin of prospect theory, or testing the intuitive statistician
Heukelom, Floris - 2005
The origin of prospect theory is the desire to test the intuitive statistician in the real world. The development of … this theory by the cognitive psychologists Kahneman and Tversky can be traced to the former's work in cognitive … psychophysics, in which deviations from average behavior are termed (statistical) errors; and the latter's work on decision theory …
Persistent link: https://www.econbiz.de/10011346453
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A dynamic model of investor decision-making : how adaptation to losses affects future selling decisions
Lee, Carmen; Kräussl, Roman; Lucas, André; Paas, … - 2008
We conduct an experiment to test whether the size of a loss and the time in a losing position affect investors …
Persistent link: https://www.econbiz.de/10011377365
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Deal or nor deal? : Decision making under risk in a large pay-off game show
Post, Thierry; Baltussen, Guido; Assem, Martijn J. van den - 2006
Persistent link: https://www.econbiz.de/10003268565
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Errors in judicial decisions : experimental results
Sonnemans, Joep; Dijk, Frans van - 2008
Persistent link: https://www.econbiz.de/10003774441
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Bidding for nothing? : the pitfalls of overly neutral framing
Dürsch, Peter; Müller-Seeger, Julia - 2014
what they think they are tasked with in the experiment. Adding a second auction that has a context drastically reduces the …
Persistent link: https://www.econbiz.de/10010357905
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Deal or no deal? : decision-making under risk in a large-payoff game show
Post, Thierry; Baltussen, Guido; Assem, Martijn J. van den - 2006
experiments. Contrary to the traditional view of expected utility theory, the choices can be explained in large part by previous … outcomes or surpassed by favorable outcomes. Our results point to reference-dependent choice theories such as prospect theory …
Persistent link: https://www.econbiz.de/10011348343
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Impulsiveness moderates the effects of exogenous attention on the sensitivity to gains and losses in risky lotteries
Hirmas, Alejandro; Engelmann, Jan - 2022
Does attention have a causal impact on risky decisions? We address this question in a preregistered experiment in which …
Persistent link: https://www.econbiz.de/10013332731
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Outlier robust GMM estimation of leverage determinants
Lucas, André; Dijk, Ronald van; Kloek, Teun - 1994
Persistent link: https://www.econbiz.de/10000151692
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How large is average economic growth? : evidence from a robust method
Boswijk, Herman Peter; Franses, Philip Hans - 2001
This paper puts forward a method to estimate average economic growth, andits associated confidence bounds, which does not require a formal decision onpotential unit root properties. The method is based on the analysis of eitherdifference-stationary or trend-stationary time series models,...
Persistent link: https://www.econbiz.de/10011325976