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REFERENCE‐DEPENDENT PREFERENCES, LOSS AVERSION, AND LIVE GAME ATTENDANCE
16 references·16 citing·33 second hopsampled
REFERENCE‐DEPENDENT PREFERENCES, LOSS AVERSION, AND LIVE GAME ATTENDANCE (2014)REFERENCE‐DEPENDENT PREFERENCES, LOSS AVE…A Structural Analysis of Disappointment Aversion in a Real Effort Competition (2012)A Structural Analysis of Disa…Reference Points and Effort Provision (2011)Reference Points and Effort P…New York City Cab Drivers' Labor Supply Revisited: Reference-Dependent Preferences with Rational-Expectations Targets for Hours and Income (2011)New York City Cab Drivers' La…Is Tiger Woods Loss Averse? Persistent Bias in the Face of Experience, Competition, and High Stakes (2011)Is Tiger Woods Loss Averse? P…Family Violence and Football: The Effect of Unexpected Emotional Cues on Violent Behavior* (2011)Family Violence and Football:…A Model of Reference-Dependent Preferences (2006)A Model of Reference-Dependen…Labor Supply of New York City Cabdrivers: One Day at a Time (1997)Labor Supply of New York City…Cross-subsidization, Incentives, and Outcomes in Professional Team Sports Leagues (1995)Cross-subsidization, Incentiv…Anomalies: The Endowment Effect, Loss Aversion, and Status Quo Bias (1991)Anomalies: The Endowment Effe…Prospect theory: An analysis of decision under risk (1988)Prospect theory: An analysis …Prospect Theory: An Analysis of Decision under Risk (1979)Prospect Theory: An Analysis …THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)THE VALUATION OF RISK ASSETS …An Economic Model of a Professional Sports League (1971)An Economic Model of a Profes…The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)The Valuation of Risk Assets …The Peculiar Economics of Professional Sports: A Contribution to the Theory of the Firm in Sporting Competition and in Market Competition (1964)The Peculiar Economics of Pro…The Baseball Players' Labor Market (1956)The Baseball Players' Labor M…The determinants of stadium attendance in elite women’s football: evidence from the FA Women’s Super League (2024)The determinants of stadium a…Exploring aversion loss: a theoretical perspective over behavioral positive and negative markers (2024)Exploring aversion loss: a th…Beliefs that Entertain (2024)Beliefs that EntertainDoes Location Matter? An Econometric Analysis of Stadium Location and Attendance at National Women’s Soccer League Matches (2023)Does Location Matter? An Econ…United in defeat: shared suffering and group bonding among football fans (2021)United in defeat: shared suff…Stadium Attendance Demand Research: A Scoping Review (2021)Stadium Attendance Demand Res…The role of facial attractiveness in tennis TV-viewership (2019)The role of facial attractive…The determinants of stadium attendance in elite women’s football: Evidence from the UEFA Women's Champions League (2019)The determinants of stadium a…Determinants of Attendance in Major League Soccer (2019)Determinants of Attendance in…DETERMINANTS OF REVENUE IN SPORTS LEAGUES: AN EMPIRICAL ASSESSMENT (2018)DETERMINANTS OF REVENUE IN SP…PERCEIVED GAME UNCERTAINTY, SUSPENSE AND THE DEMAND FOR SPORT (2017)PERCEIVED GAME UNCERTAINTY, S…Estimation of game-level attendance in major league soccer: Outcome uncertainty and absolute quality considerations (2017)Estimation of game-level atte…An investigation of highly identified fans who bet against their favorite teams (2016)An investigation of highly id…The demand for women's league soccer in Germany (2015)The demand for women's league…Spectator Demand, Uncertainty of Results, and Public Interest (2015)Spectator Demand, Uncertainty…Reference-dependent preferences, team relocations, and major league expansion (2014)Reference-dependent preferenc…Golden Eggs and Hyperbolic Discounting (1997)A perspective on judgment and choice: Mapping bounded rationality. (2003)Psychology and Economics: Evidence from the Field (2009)Salience Theory of Choice Under Risk (2012)Thirty Years of Prospect Theory in Economics: A Review and Assessment (2013)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Dividend Policy, Growth, and the Valuation of Shares (1961)The Pricing of Options and Corporate Liabilities (1973)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)The cost of capital, corporation finance and the theory of investment (2008)Risk, Ambiguity, and the Savage Axioms (1961)Judgment under Uncertainty: Heuristics and Biases (1975)The Framing of Decisions and the Psychology of Choice (1981)Exploration and Exploitation in Organizational Learning (1991)Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance (2007)Theory of games and economic behavior (2019)Choices, values, and frames. (1984)Status quo bias in decision making (1988)Loss Aversion in Riskless Choice: A Reference-Dependent Model (1991)Individual differences in reasoning: Implications for the rationality debate? (2000)Heuristics and Biases: The Psychology of Intuitive Judgment (2004)Judgment under Uncertainty: Heuristics and Biases (1974)Education and Human Capital Externalities: Evidence from Colonial Benin * (2014)Poverty and Aspirations Failure (2014)Pay and Performance in Major League Baseball. (1974)The bright-side and the dark-side of CEO personality: Examining core self-evaluations, narcissism, transformational leadership, and strategic influence. (2009)The Economic Design of Sporting Contests (2010)Psychological foundations of incentives (2002)Large Stakes and Big Mistakes (2009)SCOTTISH JOURNAL OF POLITICAL ECONOMY:THE ECONOMICS OF PROFESSIONAL FOOTBALL: THE FOOTBALL CLUB AS A UTILITY MAXIMISER* (1971)Advances in prospect theory: Cumulative representation of uncertainty (1992)The Cross-Section of Expected Stock Returns (1992)
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References

  • 1979Prospect Theory: An Analysis of Decision under Risk48,459 cited
  • 1988Prospect theory: An analysis of decision under risk32,475 cited
  • 1965The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets7,600 cited
  • 1975THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.]6,743 cited
  • 1991Anomalies: The Endowment Effect, Loss Aversion, and Status Quo Bias5,015 cited
  • 2006A Model of Reference-Dependent Preferences2,726 cited
  • 1956The Baseball Players' Labor Market1,386 cited
  • 1997Labor Supply of New York City Cabdrivers: One Day at a Time1,204 cited
  • 1964The Peculiar Economics of Professional Sports: A Contribution to the Theory of the Firm in Sporting Competition and in Market Competition

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908 cited
  • 2011Reference Points and Effort Provision848 cited
  • 2012A Structural Analysis of Disappointment Aversion in a Real Effort Competition674 cited
  • 2011Family Violence and Football: The Effect of Unexpected Emotional Cues on Violent Behavior*672 cited
  • 1995Cross-subsidization, Incentives, and Outcomes in Professional Team Sports Leagues652 cited
  • 1971An Economic Model of a Professional Sports League535 cited
  • 2011New York City Cab Drivers' Labor Supply Revisited: Reference-Dependent Preferences with Rational-Expectations Targets for Hours and Income518 cited
  • 2011Is Tiger Woods Loss Averse? Persistent Bias in the Face of Experience, Competition, and High Stakes487 cited
  • Cited by

    • 2015Spectator Demand, Uncertainty of Results, and Public Interest136 cited
    • 2021Stadium Attendance Demand Research: A Scoping Review121 cited
    • 2018DETERMINANTS OF REVENUE IN SPORTS LEAGUES: AN EMPIRICAL ASSESSMENT94 cited
    • 2019The determinants of stadium attendance in elite women’s football: Evidence from the UEFA Women's Champions League87 cited
    • 2019Determinants of Attendance in Major League Soccer73 cited
    • 2017PERCEIVED GAME UNCERTAINTY, SUSPENSE AND THE DEMAND FOR SPORT68 cited
    • 2017Estimation of game-level attendance in major league soccer: Outcome uncertainty and absolute quality considerations67 cited
    • 2014Reference-dependent preferences, team relocations, and major league expansion64 cited
    • 2021United in defeat: shared suffering and group bonding among football fans50 cited
    • 2015The demand for women's league soccer in Germany50 cited
    • 2016An investigation of highly identified fans who bet against their favorite teams26 cited
    • 2019The role of facial attractiveness in tennis TV-viewership20 cited
    • 2024The determinants of stadium attendance in elite women’s football: evidence from the FA Women’s Super League20 cited
    • 2023Does Location Matter? An Econometric Analysis of Stadium Location and Attendance at National Women’s Soccer League Matches16 cited
    • 2024Exploring aversion loss: a theoretical perspective over behavioral positive and negative markers2 cited
    • 2024Beliefs that Entertain2 cited