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Berger and Pope (2011) show that being slightly behind increases the likelihood of winning in professional and collegiate basketball. We extend their analysis to large samples of Australian football, American football and rugby matches, but find little to no evidence of such an effect for these...
Persistent link: https://www.econbiz.de/10012261010
Berger and Pope (2011) show that being slightly behind increases the likelihood of winning in professional and collegiate basketball. We extend their analysis to large samples of Australian football, American football and rugby matches, but find little to no evidence of such an effect for these...
Persistent link: https://www.econbiz.de/10012427149
Persistent link: https://www.econbiz.de/10014289666
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aspiration level (median performance of peer banks) influence banks' aggregate risk levels. Our results are consistent with the … behavioral theory of the firm and prospect theory in that we find that bank performance below a bank's social aspiration level is …
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