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

DOI10.1007/S11166-008-9041-1MaRDI QIDQ946667zbMATH OpenOpenAlexFDO

Authors Romel Mostafa, George Loewenstein, 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

bracketingdecision framinggamblingmyopic loss aversionpeanuts effectstate lotteries

Mathematics Subject Classification ID

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

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Cites work

• Advances in prospect theory: cumulative representation of uncertainty
• An experimental examination of the house money effect in a multi-period setting
• Choice bracketing. (With commentaries)
• Common consequence conditions in decision making under risk
• Decision Making Over Time and Under Uncertainty: A Common Approach
• scientific article; zbMATH DE number 3276288 (Why is no real title available?)
• Myopic Loss Aversion and the Equity Premium Puzzle
• Prospect Theory: An Analysis of Decision under Risk
• Risk aversion or myopia? Choices in repeated gambles and retirement investments
• The Probability Weighting Function

Cited in

(9)

• Gamblers favor skewness, not risk: Further evidence from United States' lottery games
• Inequality and risk-taking behaviour
• 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
• Long-run effects of lottery wealth on psychological well-being
• Why does myopia decrease the willingness to invest? Is it myopic loss aversion or myopic loss probability aversion?
• What drives demand for state-run lotteries? Evidence and welfare implications

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