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Single stock call options as lottery tickets : overpricing and investor sentiment

Félix, Luiz; Kräussl, Roman; Stork, Philip - In: The journal of behavioral finance : a publication of … 20 (2019) 4, pp. 385-407

Persistent link: https://www.econbiz.de/10012180515

Single stock call options as lottery tickets : overpricing and investor sentiment

Félix, Luiz; Kräussl, Roman; Stork, Philip - 2018

This paper investigates whether the overpricing of out-of-the money single stock calls can be explained by Tversky and Kahneman's (1992) cumulative prospect theory (CPT). We hypothesize that these options are expensive because investors overweight small probability events and overpay for...

Persistent link: https://www.econbiz.de/10011911548

Risk attitudes with state-dependent indivisibilities in consumption

Fels, Markus - 2019

Some consumption opportunities are both indivisible and only valuable in particular tates of nature. The existence of such state-dependent indivisible consumption opportunities influences a person’s risk attitudes. In general, people are not risk averse anymore even if utility from divisible...

Persistent link: https://www.econbiz.de/10011998942

The fun and function of uncertainty : uncertain incentives reinforce repetition decisions

Shen, Luxi; Hsee, Christopher K.; Talloen, Joachim H. - In: Journal of consumer research : JCR ; an … 46 (2019) 1, pp. 69-81

Persistent link: https://www.econbiz.de/10012033926

Associations between delay discounting and risk-related behaviors, traits, attitudes, and outcomes

Mishra, Sandeep; Lalumière, Martin L. - In: Journal of behavioral decision making 30 (2017) 3, pp. 769-781

Persistent link: https://www.econbiz.de/10011690765

The bias of size in gambling decisions : evidence from a casino game

Fong, Davis Ka Chio; Fong, Lawrence Hoc Nang; Chark, Robin - In: Cornell hospitality quarterly : CQ 59 (2018) 1, pp. 78-84

Persistent link: https://www.econbiz.de/10011925194

Are subjects making financial decisions in lab auctions or are they just gambling?

Deck, Cary A.; Lee, Jungmin; Reyes, Javier - In: Applied economics letters 22 (2015) 1/3, pp. 228-232

Persistent link: https://www.econbiz.de/10010481963

Learning and affect following near-miss outcomes in simulated gambling

Clark, Luke; Liu, Rui; McKavanagh, Rebecca; Garrett, Alice - In: Journal of behavioral decision making 26 (2013) 5, pp. 442-450

Persistent link: https://www.econbiz.de/10010227133

Gambling habits and probability judgements in a Bayesian task environment

Dickinson, David L.; Reid, Parker - 2023

information sources. Exploratory analysis, however, revealed interesting effects related to self-reported gambling frequency …-reported gambling frequency was stronger for females. Decision modeling found a decreased weight placed on new evidence (over base rate … frequency of gambling to worse performance in the critical probability assessment skills that should benefit gambling success (i …

Persistent link: https://www.econbiz.de/10014311967

Skewness preferences : evidence from online poker

Dertwinkel-Kalt, Markus; Kasinger, Johannes; Schneider, … - 2024

We test for skewness preferences in a large set of observational panel data on online poker games (n=4,450,585). Each observation refers to a choice between a safe option and a binary risk of winning or losing the game. Our setting offers a real-world choice situation with substantial incentives...

Persistent link: https://www.econbiz.de/10014486803

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