Myopic risk-seeking: The impact of narrow decision bracketing on lottery play

DOI10.1007/s11166-008-9041-1zbMath1143.91316OpenAlexW2081172272MaRDI QIDQ946667

George Loewenstein, Romel Mostafa, Emily C. Haisley

Publication date: 24 September 2008

Published in: Journal of Risk and Uncertainty (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s11166-008-9041-1

zbMATH Keywords

gamblingmyopic loss aversionbracketingdecision framingpeanuts effectstate lotteries

Mathematics Subject Classification ID

Decision theory (91B06) Probabilistic games; gambling (91A60) Experimental studies (91A90)

Related Items (6)

Inequality and risk-taking behaviour ⋮ Why does myopia decrease the willingness to invest? Is it myopic loss aversion or myopic loss probability aversion? ⋮ Goal bracketing and self-control ⋮ Measuring rationality: percentages vs expenditures ⋮ A new preference model that allows for narrow framing ⋮ Poverty and economic decision making: a review of scarcity theory

Cites Work

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• Advances in prospect theory: cumulative representation of uncertainty
• Common consequence conditions in decision making under risk
• Choice bracketing. (With commentaries)
• An experimental examination of the house money effect in a multi-period setting
• Risk Aversion or Myopia? Choices in Repeated Gambles and Retirement Investments
• Decision Making Over Time and Under Uncertainty: A Common Approach
• Prospect Theory: An Analysis of Decision under Risk
• The Probability Weighting Function
• Myopic Loss Aversion and the Equity Premium Puzzle

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