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The Value of Superstitions

Author

Listed:
  • Tarvis Ng
  • Terence Tai-Leung, Chong
  • Xin Du

Abstract

This paper estimates the value of superstitions by studying the auctions of vehicle license plates. We show that the value of superstitions is economically significant, which justifies their persistence in human civilization. We also document the changes of the value of superstitions across different types of plates, across different policy regimes, and across different macroeconomic environments. Interestingly, some of the changes are rather consistent with economic intuition.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Tarvis Ng & Terence Tai-Leung, Chong & Xin Du, 2009. "The Value of Superstitions," Departmental Working Papers _189, Chinese University of Hong Kong, Department of Economics.
    • Handle: RePEc:chk:cuhked:_189
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    JEL classification:

    • D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory
    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions

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