Similar Search Results

Single stock call options as lottery tickets

Felix, Luiz; Kräussl, Roman; Stork, Philip - 2017 - This version: February 2016

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 argue that these options are overpriced because investors overweight small probability events and overpay for such...

Persistent link: https://www.econbiz.de/10011587568

Single stock call options as lottery tickets

Félix, Luiz; Kräussl, Roman; Stork, Philip - 2016

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 argue that these options are overpriced because investors' overweight small probability events and overpay for such...

Persistent link: https://www.econbiz.de/10011446895

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

Poverty and economic behavior : gambling at social security paydays

Dahan, Momi - 2019 - This version: 15/7/2019

outlets in Israel for two years (2015-2016), I find that gambling revenue spikes at social security paydays. The estimation …

Persistent link: https://www.econbiz.de/10012064536

The effect of recreational gambling on regional health outcomes : evidence from Canadian provinces

Humphreys, Brad R.; Nyman, John A.; Ruseski, Jane E. - 2016

Persistent link: https://www.econbiz.de/10011618187

"Lootboxes" in digital games : a gamble with consumers in need of regulation? : an evaluation based on learnings from Japan

Koeder, Marco Josef; Tanaka, Ema; Mitomo, Hitoshi - 2018

calls for regulation because if their gambling like elements. Japan had similar mechanics in games for a long time called … Lootboxes are in comparison to "Gacha" in Japan and investigates whether they would qualify as gambling using a gambling … taxonomy. Lootboxes and Gacha can be seen as very similar and comparable and both would not qualify as gambling in traditional …

Persistent link: https://www.econbiz.de/10012005406