This paper studies the impact of the mental money conversion process on price perception in Austria (1 euro = 13.76 ATS) and France (1 euro = 6.56 francs). Money conversion has been implicated and investigated within the framework of 2 different reference price conceptions. In addition, the...

This paper investigates (i) the robustness of hindsight bias in experimental asset markets, (ii) the time invariance of the different experimental risk elicitation methods of certainty equivalents and binary lottery choices, and (iii) their correspondence. The results of our within-subjects...