Ackert, Lucy; Charupat, Narat; Church, Bryan; Deaves, … - In: Experimental Economics 9 (2006) 1, pp. 5-16
There is evidence that risk-taking behavior is influenced by prior monetary gains and losses. When endowed with house money, people become more risk taking. This paper is the first to report a house money effect in a dynamic, financial setting. Using an experimental method, we compare market...