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Psychologists study regret primarily by measuring subjects' attitudes in laboratory experiments. This does not shed light on how expected regret affects economic actions in market settings. To address this, we use proprietary data from a blackjack table in Las Vegas to analyze how expected...
Persistent link: https://www.econbiz.de/10013152738
Psychologists study regret primarily by measuring subjects' attitudes in laboratory experiments. This does not shed light on how expected regret affects economic actions in market settings. To address this, we use proprietary data from a blackjack table in Las Vegas to analyze how expected...
Persistent link: https://www.econbiz.de/10012463694
Persistent link: https://www.econbiz.de/10013466529
a material benefit. Rabin’s (1993) theory of fairness is adopted to demonstrate that although group violence may not be …
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This paper shows that households with positional concerns and convex status utility use gambling to attempt … results strongly indicate that households who care about status are more likely to participate in gambling and invest more in … gambling, while they save less. …
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