Loss aversion and sunk cost sensitivity in all-pay auctions for charity: Theory and experiments
J Foster - Journal of Behavioral and Experimental Economics, 2020 - Elsevier
This paper theoretically and experimentally studies the role of two behavioral biases in all-
pay auctions for charity. The theory is developed to predict the effect of loss aversion in the …
pay auctions for charity. The theory is developed to predict the effect of loss aversion in the …