(the favorite-longshot bias). I build a game theoretical model and show that the favorite-longshot bias is the equilibrium … play of the players with loss aversion, and that the degree of the favorite-longshot bias depends on the mental accounting … process the players use. -- loss aversion ; mental accounting ; parimutuel betting ; the favorite-longshot bias …

to cognitive limitations. Our findings from a controlled laboratory experiment suggest that the two dimensions capture …

We present results from a highly powered online experiment with 937 participants on Amazon Mechanical Turk (MTurk) that … examined whether MTurkers exhibit myopic loss aversion (MLA). The experiment consisted of measuring MLA-compliant behavior in …

(MLA). We present the results of a large-scale online experiment with 894 student participants. The study featured a two …

show a bias towards assets with a familiar or homeland label, the model does not hold. This misdiversification against the …

the nature of provided incentives. We conduct a 'lab in the field' experiment with internal auditors during two large … performance of the unit that they are auditing. We vary incentives in the experiment from individual (piece rate) to competitive …