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Evidence, anecdotal and scientific, suggests that people treat (or are affected by) products of prestigious sources differently than those of less prestigious, or of anonymous, sources. The ``products'' which are the focus of the present study are poems, and the ``sources'' are the poets. We...
Persistent link: https://www.econbiz.de/10010539629
Gambling frequencies on single numbers in real casino roulette were displayed in a contour map. This resulted not only in a confirmation that gamblers are subject to middle bias, but also to accessibility effects. The figure allowed us to infer the location of the roulette wheel and croupier...
Persistent link: https://www.econbiz.de/10009209677
Since its inception, psychology has studied position effects. But the position was a temporal one in sequential presentation, and the dependent variables related to memory and learning. This paper attempts to survey position effects when position is spatial (namely, position=location), all...
Persistent link: https://www.econbiz.de/10009209680
Persistent link: https://www.econbiz.de/10009200943
It has been noted and demonstrated that people are reluctant to make changes in their current state (called the status quo bias, Samuelson & Zeckhauser, 1988), and to trade objects they own (called the endowment effect, Thaler, 1980). This reluctance has been explained by a combination of loss...
Persistent link: https://www.econbiz.de/10004964327
Persistent link: https://www.econbiz.de/10005827901
Evidence, both anecdotal and scientific, suggests that people treat (or are affected by) products of prestigious sources differently than those of less prestigious or anonymous sources. The "products" which are the focus of the present study are poems, and the "sources" are the poets. We explore...
Persistent link: https://www.econbiz.de/10008493939
Persistent link: https://www.econbiz.de/10008493945
Scientists try to find out the truth about our world. Judges in a court of law try to find out the truth about the target events in the indictment. What are the similarities, and what are the differences, in the procedures that govern the search for truth in these two systems? In particular, why...
Persistent link: https://www.econbiz.de/10008493946
A Nobel Prize in Economics was given to the psychologist Daniel Kahneman for his joint research with the late psychologist Amos Tversky on decision making under uncertainty and on subjective judgments of uncertainty. The two proposed Prospect Theory as a descriptive alternative to Utility...
Persistent link: https://www.econbiz.de/10005459379