A Baillon, H Bleichrodt, V Spinu - Management Science, 2020 - pubsonline.informs.org
Although reference dependence plays a central role in explaining behavior, little is known about the way that reference points are selected. This paper identifies empirically which …
Poker is a game of skill and chance involving economic decision-making under uncertainty. It is also a complex but well-defined real-world environment with a clear rule-structure. As …
Does gamifying financial platforms change consumers' willingness to take financial risk? A major trend in the financial industry has been to make financial platforms gamelike …
We provide two nested models of random reference-dependent choice in which the reference point is endogenously determined by random processes. Random choice …
R Flepp, P Meier, E Franck - Organizational Behavior and Human Decision …, 2021 - Elsevier
We test the realization effect, ie, that risk-taking is greater after paper outcomes than after realized outcomes, using gambling data from a real casino. During a particular casino visit …
The great majority of books on artificial intelligence are written by AI experts who understandably focus on its achievements and potential transformative effects on society. In …
M Zhang, J Zheng - Journal of Economic Behavior & Organization, 2017 - Elsevier
We present a robust model of speculative bubbles by introducing loss-averse reference- dependent preferences by Koszegi and Rabin (2006) into the framework of Allen et …
We experimentally test whether the gap between reference and actual income impacts subsequent altruism. Participants first perform a real-effort task for a fixed wage and then …
Analyzing a large data set from an online card game platform, a traditionally masculine environment with low female representation, we provide novel field evidence for gender …