Please use this identifier to cite or link to this item:
https://hdl.handle.net/2440/76780
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Full metadata record
DC Field | Value | Language |
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dc.contributor.author | Dittrich, D. | - |
dc.contributor.author | Guth, W. | - |
dc.contributor.author | Kocher, M. | - |
dc.contributor.author | Pezanis-Christou, P. | - |
dc.date.issued | 2012 | - |
dc.identifier.citation | Economica, 2012; 79(314):226-257 | - |
dc.identifier.issn | 0013-0427 | - |
dc.identifier.issn | 1468-0335 | - |
dc.identifier.uri | http://hdl.handle.net/2440/76780 | - |
dc.description.abstract | Bidding challenges learning theories. Even with the same bid, experiences vary stochastically: the same choice can result in either a gain or a loss. In such an environment, the question arises of how the nearly universally documented phenomenon of loss aversion affects the adaptive dynamics. We analyse the impact of loss aversion in a simple auction using the experienced-weighted attraction model of learning. Our experimental results suggest that individual learning dynamics are highly heterogeneous and affected by loss aversion to different degrees. Apart from that, the experiment shows that loss aversion is not specific to rare decision-making. | - |
dc.description.statementofresponsibility | Dennis A.V. Dittrich, Werner Güth, Martin G. Kocher and Paul Pezanis-Christou | - |
dc.language.iso | en | - |
dc.publisher | Blackwell Publ Ltd | - |
dc.rights | © 2011 The London School of Economics and Political Science | - |
dc.source.uri | http://dx.doi.org/10.1111/j.1468-0335.2011.00892.x | - |
dc.title | Loss aversion and learning to bid | - |
dc.type | Journal article | - |
dc.identifier.doi | 10.1111/j.1468-0335.2011.00892.x | - |
pubs.publication-status | Published | - |
dc.identifier.orcid | Pezanis-Christou, P. [0000-0001-6521-4139] | - |
Appears in Collections: | Aurora harvest Economics publications |
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