Negative recency, randomization device choice, and reduction of compound lotteries

DOI10.1016/j.econlet.2011.12.078zbMath1242.91038OpenAlexW3121827141MaRDI QIDQ433188

Kim Kaivanto, Eike Benjamin Kroll

Publication date: 13 July 2012

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://publikationen.bibliothek.kit.edu/1000022861/1691688

zbMATH Keywords

design of experimentsSt. Petersburg paradoxlaw of small numbersmyopic loss aversionnegative recency effectreduction of compound lotteries

Mathematics Subject Classification ID

Experimental studies (91A90)

Related Items (1)

Shunning uncertainty: the neglect of learning opportunities

Uses Software

• ORSEE

Cites Work

• Unnamed Item
• Unnamed Item
• The gambler's fallacy and the hot hand: empirical data from casinos
• Failures of the reduction principle in an Ellsberg-type problem
• The perception of randomness
• Biases in assessments of probabilities: New evidence from Greyhound races
• Reduction invariance and Prelec's weighting functions
• The Framing of Decisions and the Psychology of Choice
• Inference from Streaks in Random Outcomes: Experimental Evidence on Beliefs in Regime Shifting and the Law of Small Numbers
• Two-Stage Lotteries without the Reduction Axiom
• Prospect Theory
• Alternation Bias and the Parameterization of Cumulative Prospect Theory
• Prospect Theory: An Analysis of Decision under Risk
• The Probability Weighting Function
• Inference by Believers in the Law of Small Numbers
• Myopic Loss Aversion and the Equity Premium Puzzle
• Ellsberg Revisited: An Experimental Study
• Probability, Utility, and the Independence Axiom

This page was built for publication: Negative recency, randomization device choice, and reduction of compound lotteries