Purpose This paper aims to demonstrate how hospitality management research could
benefit from the propositional style of theorizing, and how this approach could expand the …

The authors examine whether high personal discount rates help explain why and which
households in developing countries under-invest in seemingly low-cost options to avert …

The endowment effect is a phenomenon whereby ownership increases the perceived value
of goods, thereby reducing the willingness to trade. This paper presents the results of a field …

We report on a laboratory experiment designed to assess risk preferences in a decision
environment where real losses can occur. Specifically, we utilize an asset integration …

We report the results of a laboratory experiment testing for the existence of loss aversion in a
standard risk aversion protocol (Holt and Laury, 2002). In our experiment, participants earn …

We report on two laboratory experiments testing for the presence of loss aversion, separate
from risk aversion, in decisions involving risk and intertemporal choice. Both experiments …

In this paper we report on a laboratory experiment designed to assess risk preferences in a
decision environment where real losses can occur. Specifically, we use an asset integration …

In 2020, the opioid epidemic claimed the lives of at least 7,560 Canadians, making it the
deadliest addiction crisis in Canadian history (1). Contributing to the worsening of the opioid …

Applications using the standard willingness to pay (WTP) approach (where a respondent is
asked his/her WTP for each option) have brought to light inherent difficulties in terms of …

Despite ample empirical evidence on the prevalence of high discount rates among people,
ap'plied, quantitative'theoretical macro studies with exponential discounting often assume …