When a risky prospect is valued more than its best possible outcome
| dc.contributor.author | Drichoutis, A. C. | en |
| dc.contributor.author | Nayga, R. M. | en |
| dc.contributor.author | Lusk, J. L. | en |
| dc.contributor.author | Lazaridis, P. | en |
| dc.date.accessioned | 2015-11-24T17:05:27Z | |
| dc.date.available | 2015-11-24T17:05:27Z | |
| dc.identifier.issn | 1930-2975 | - |
| dc.identifier.uri | https://olympias.lib.uoi.gr/jspui/handle/123456789/11324 | |
| dc.rights | Default Licence | - |
| dc.subject | decision making under risk | en |
| dc.subject | competitiveness | en |
| dc.subject | lottery payoff comprehension | en |
| dc.subject | experiments | en |
| dc.subject | preference reversal phenomenon | en |
| dc.subject | aversion | en |
| dc.subject | auctions | en |
| dc.title | When a risky prospect is valued more than its best possible outcome | en |
| heal.abstract | In this paper, we document a violation of normative and descriptive models of decision making under risk. In contrast to uncertainty effects found by Gneezy, List and Wu (2006), some subjects in our experiments valued lotteries more than the best possible outcome. We show that the overbidding effect is more strongly related to individuals' competitiveness traits than comprehension of the lottery's payoff mechanism. | en |
| heal.access | campus | - |
| heal.fullTextAvailability | TRUE | - |
| heal.identifier.secondary | <Go to ISI>://000300401900001 | - |
| heal.journalName | Judgment and Decision Making | en |
| heal.journalType | peer reviewed | - |
| heal.language | en | - |
| heal.publicationDate | 2012 | - |
| heal.recordProvider | Πανεπιστήμιο Ιωαννίνων. Σχολή Οικονομικών και Κοινωνικών Επιστημών. Τμήμα Οικονομικών Επιστημών | el |
| heal.type | journalArticle | - |
| heal.type.el | Άρθρο Περιοδικού | el |
| heal.type.en | Journal article | en |
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