and regret aversion hypothesis for first-price sealed-bid auctions. This study documents support for the former and no …

We employed simple gambles to investigate information processing in relation to the compatibility effect. Subjects … duration and number of fixations increased when subjects evaluated the gambles with a pricing task. Additionally, the number of … were also predictive of subjects' final evaluations of the gambles. We discuss our results in light of the cognitive …

between loss aversion and involvement with varying vividness of outcomes (i.e., when outcomes are related to more versus less … vivid stimuli). Testing the vividness effects further extends and confirms our proposed relationship between involvement and … to subjects’ level of involvement in atemporal choice, intertemporal choice, and differential vividness of stimuli …

negatively valenced decision-related emotions, regret and disappointment, have distinct effects on the valuation of an object. We … found that an induction of regret eliminates the classic endowment effect, whereas an induction of disappointment reverses …

situation, both for themselves as well as for others. Furthermore, our results suggest that regret rather than loss aversion may … setting employing riskless objects in form of mugs revealed rather ambiguous results, thus emphasizing that the role of regret …

We present a theory of exchange that provides an alternative explanation for the endowment effect. Unlike standard … problem of exchange when value is uncertain. We combine assumptions from perceptual and economic theory into a highly … from empirical studies of exchange. …