The lure of illusory luck: How much are people willing to pay for random shocks
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DOI: 10.1016/j.jebo.2014.06.003
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Citations
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Cited by:
- Joshua B. Miller & Adam Sanjurjo, 2018. "Surprised by the Hot Hand Fallacy? A Truth in the Law of Small Numbers," Econometrica, Econometric Society, vol. 86(6), pages 2019-2047, November.
- Silvia Bou & Jordi Brandts & Magda Cayón & Pablo Guillén, 2016. "The price of luck: paying for the hot hand of others," Journal of the Economic Science Association, Springer;Economic Science Association, vol. 2(1), pages 60-72, May.
- Bao, Te & Corgnet, Brice & Hanaki, Nobuyuki & Riyanto, Yohanes E. & Zhu, Jiahua, 2023.
"Predicting the unpredictable: New experimental evidence on forecasting random walks,"
Journal of Economic Dynamics and Control, Elsevier, vol. 146(C).
- Te Bao & Brice Corgnet & Nobuyuki Hanaki & Yohanes E. Riyanto & Jiahua Zhu, 2022. "Predicting the unpredictable: New experimental evidence on forecasting random walks," ISER Discussion Paper 1181, Institute of Social and Economic Research, Osaka University.
- Te Bao & Brice Corgnet & Nobuyuki Hanaki & Yohanes E. Riyanto & Jiahua Zhu, 2023. "Predicting the unpredictable : New experimental evidence on forecasting random walks," Post-Print hal-04376053, HAL.
- Joshua B. Miller & Adam Sanjurjo, 2019. "Surprised by the Hot Hand Fallacy? A Truth in the Law of Small Numbers," Papers 1902.01265, arXiv.org.
- Miller, Joshua Benjamin & Sanjurjo, Adam, 2018. "Is it a Fallacy to Believe in the Hot Hand in the NBA Three-Point Contest?," OSF Preprints dmksp, Center for Open Science.
- Miller, Joshua Benjamin & Sanjurjo, Adam, 2018. "A Cold Shower for the Hot Hand Fallacy: Robust Evidence that Belief in the Hot Hand is Justified," OSF Preprints pj79r, Center for Open Science.
- Miller, Joshua Benjamin & Sanjurjo, Adam, 2018. "A Bridge from Monty Hall to the Hot Hand: Restricted Choice, Selection Bias, and Empirical Practice," OSF Preprints dmgtp, Center for Open Science.
- Joshua B. Miller & Adam Sanjurjo, 2015. "Surprised by the Gambler’s and Hot Hand Fallacies? A Truth in the Law of Small Numbers," Working Papers 552, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Anufriev, Mikhail & Bao, Te & Sutan, Angela & Tuinstra, Jan, 2019.
"Fee structure and mutual fund choice: An experiment,"
Journal of Economic Behavior & Organization, Elsevier, vol. 158(C), pages 449-474.
- Mikhail Anufriev & Te Bao & Angela Sutan & Jan Tuinstra, 2018. "Fee Structure and Mutual Fund Choice: An Experiment," Working Paper Series 45, Economics Discipline Group, UTS Business School, University of Technology, Sydney.
- Miller, Joshua B. & Sanjurjo, Adam, 2021. "Is it a fallacy to believe in the hot hand in the NBA three-point contest?," European Economic Review, Elsevier, vol. 138(C).
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More about this item
Keywords
Hothand fallacy; Market value of random shocks; Alphabetic preference; Online peer-to-peer gambling; Mutual funds;All these keywords.
JEL classification:
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
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