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Why are lotteries valued less? Multiple tests of a direct risk-aversion mechanism
15 references·14 citing·39 second hop
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The Uncertain Value of Uncertainty (2015)Paying for What You'll Like? …Decision Under Risk (2015)Decision Under RiskProspect Theory: An Analysis of Decision under Risk (1979)Prospect theory: An analysis of decision under risk (1988)Good Day Sunshine: Stock Returns and the Weather (2003)Risk as Analysis and Risk as Feelings: Some Thoughts about Affect, Reason, Risk, and Rationality (2004)7 Emotion in Organizations (2007)Theory of games and economic behavior (2019)Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine (1953)The Framing of Decisions and the Psychology of Choice (1981)Handbook of Emotions (1993)Emotion, cognition, and decision making (2000)Reference Points and Effort Provision (2011)Advances in prospect theory: Cumulative representation of uncertainty (1992)Proactive planning for catastrophic events in supply chains (2008)If I Look at the Mass I Will Never Act: Psychic Numbing and Genocide (2010)Strengthening State Capabilities: The Role of Financial Incentives in the Call to Public Service* (2013)Diversification and its Discontents: Idiosyncratic and Entrepreneurial Risk in the Quest for Social StatusA Theory of Social Comparison Processes (1954)Personal relative deprivation, delay discounting, and gambling. (2011)“Last-Place Aversion”: Evidence and Redistributive Implications * (2013)Judgment under Uncertainty: Heuristics and Biases (1974)International Norm Dynamics and Political Change (1998)The Institutional Dynamics of International Political Orders (1998)Anomalies: Risk Aversion (2001)Regret in Decision Making under Uncertainty (1982)Regret Theory: An Alternative Theory of Rational Choice Under Uncertainty (1982)Choices, values, and frames. (1984)Teachers' Emotions and Teaching: A Review of the Literature and Directions for Future Research (2003)Exploring the Psychology of Interest (2006)Long–Term Orientation and Intertemporal Choice in Family Firms (2011)Risk Aversion in the Small and in the Large (1976)Norm theory: Comparing reality to its alternatives. (1986)Time-inconsistent Preferences and Consumer Self-Control (1991)On the Shape of the Probability Weighting Function (1999)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Why do people pay taxes? (1992)The irrelevance of inference: a decision-making approach to the stochastic evaluation of health care technologies (1999)Risk as feelings. (2001)Time Discounting and Time Preference: A Critical Review (2002)The Adaptive Markets Hypothesis (2004)
this work references cited by second hop

References

  • 1961Risk, Ambiguity, and the Savage Axioms7,892 cited
  • 2000Developments in Non-Expected Utility Theory: The Hunt for a Descriptive Theory of Choice under Risk1,902 cited
  • 1985Disappointment in Decision Making Under Uncertainty1,260 cited
  • 1992Choice Under Uncertainty: Problems Solved and Unsolved948 cited
  • 1987Choice Under Uncertainty: Problems Solved and Unsolved878 cited
  • 1986Disappointment and Dynamic Consistency in Choice under Uncertainty859 cited
  • 2000Choice and the relative pleasure of consequences.554 cited
  • 2001Anticipated Emotions as Guides to Choice499 cited
  • 2006The Uncertainty Effect: When a Risky Prospect is Valued Less than its Worst Possible Outcome311 cited
  • 2008Subjective relative income and lottery ticket purchases192 cited
  • 2004Decision Under Risk143 cited
  • 2009Direct Risk Aversion111 cited
  • 2004The Utility of Gambling Reconsidered89 cited
  • 2009How certain is the uncertainty effect?42 cited
  • 2008Decision anomalies, experimenter assumptions, and participants' comprehension: Revaluating the uncertainty effect37 cited

Cited by

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  • 2020When gamification backfires: the impact of perceived justice on online community contributions98 cited
  • 2016When Retailing and Las Vegas Meet: Probabilistic Free Price Promotions70 cited
  • 2021Enhancing subscription-based ecommerce services through gambled price discounts40 cited
  • 2022Stimulating Suspense in Gamified Virtual Reality Sports: Effect on Flow, Fun, and Behavioral Intention35 cited
  • 2015Decision Under Risk30 cited
  • 2017Is the Preference for Certainty Always So Certain?18 cited
  • 2019Cooperation and coordination across cultures and contexts: Individual, sociocultural, and contextual factors jointly influence decision making in the volunteer's dilemma game18 cited
  • 2017When Risk Is Weird: Unexplained Transaction Features Lower Valuations16 cited
  • 2018Experiments on lotteries for shrouded and bundled goods: Investigating the economics of fukubukuro8 cited
  • 2023Conceptual representations of uncertainty predict risky decision-making6 cited
  • 2023Probabilistic Outcomes Are Valued Less in Expectation, Even Conditional on Their Realization3 cited
  • 2022Risky Sure Things1 cited
  • 2015Paying for What You'll Like? The Uncertain Value of Uncertainty0 cited
  • 2022Preference for playing order in games with and without replacement: Motivational biases and probability misestimations0 cited