Myopic loss aversion (MLA) has been found to play a persistent role for investment behavior under risk. We study whether MLA is already present during adolescence. Quite surprisingly, we find no evidence of MLA in a sample of 755 adolescents. This finding is at odds with previous findings, and...

This paper describes the "strucplot" framework for the visualization of multi-way contingency tables. Strucplot displays include hierarchical conditional plots such as mosaic, association, and sieve plots, and can be combined into more complex, specialized plots for visualizing conditional...

Different methods for assessing the abilities of participants in a sports tournament, and their corresponding winning probabilities for the tournament, are embedded in a common framework and their predictive performances compared. First, ratings of abilities (such as the Elo rating) are...

Linear regression models for de facto exchange rate regime classification are complemented by inferential techniques for evaluating the stability of the regimes. To simultaneously assess parameter instabilities in the regression coefficients and the error variance an (approximately) normal...

Statistical graphics are often augmented by the use of color coding information contained in some variable. When this involves the shading of areas (and not only points or lines)--e.g., as in bar plots, pie charts, mosaic displays or heatmaps--it is important that the colors are perceptually...