'Let me dream on!' Anticipatory Emotions and Preference for Timing in Lotteries
Download full text from publisher
Other versions of this item:
- Kocher, Martin G. & Krawczyk, Michal & van Winden, Frans, 2014. "‘Let me dream on!’ Anticipatory emotions and preference for timing in lotteries," Journal of Economic Behavior & Organization, Elsevier, vol. 98(C), pages 29-40.
- Kocher, Martin G. & Krawczyk, Michal & van Winden, Frans, 2014. "'Let me dream on!' Anticipatory emotions and preference for timing in lotteries," Munich Reprints in Economics 18173, University of Munich, Department of Economics.
References listed on IDEAS
- Amrei M. Lahno & Marta Serra-Garcia, 2012. "Peer Effects in Risk Taking," CESifo Working Paper Series 4057, CESifo Group Munich.
- Thomas Garrett, 2001. "An International Comparison and Analysis of Lotteries and the Distribution of Lottery Expenditures," International Review of Applied Economics, Taylor & Francis Journals, vol. 15(2), pages 213-227.
- Tversky, Amos & Kahneman, Daniel, 1992. "Advances in Prospect Theory: Cumulative Representation of Uncertainty," Journal of Risk and Uncertainty, Springer, vol. 5(4), pages 297-323, October.
- Charles Noussair & Ping Wu, 2006. "Risk tolerance in the present and the future: an experimental study," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 27(6), pages 401-412.
- David Forrest & Robert Simmons & Neil Chesters, 2002. "Buying a Dream: Alternative Models of Demand for Lotto," Economic Inquiry, Western Economic Association International, vol. 40(3), pages 485-496, July.
- Charles T. Clotfelter & Philip J. Cook, 1993. "Notes: The "Gambler's Fallacy" in Lottery Play," Management Science, INFORMS, vol. 39(12), pages 1521-1525, December.
- Zeelenberg, Marcel & Pieters, Rik, 2004. "Consequences of regret aversion in real life: The case of the Dutch postcode lottery," Organizational Behavior and Human Decision Processes, Elsevier, vol. 93(2), pages 155-168, March.
- Quiggin, John, 1982. "A theory of anticipated utility," Journal of Economic Behavior & Organization, Elsevier, vol. 3(4), pages 323-343, December.
- van Winden, Frans & Krawczyk, Michal & Hopfensitz, Astrid, 2011.
"Investment, resolution of risk, and the role of affect,"
Journal of Economic Psychology,
Elsevier, vol. 32(6), pages 918-939.
- Hopfensitz, Astrid & Krawczyk, Michal & van Winden, Frans A.A.M., 2008. "Investment, Resolution of Risk, and the Role of Affect," CEPR Discussion Papers 6822, C.E.P.R. Discussion Papers.
- Hopfensitz, Astrid & Krawczyk, Michal & Van Winden, Frans, 2009. "Investment, Resolution of Risk, and the Role of Affect," TSE Working Papers 09-123, Toulouse School of Economics (TSE).
- Frans van Winden & Michal Krawczyk & Astrid Hopfensitz, 2008. "Investment, Resolution of Risk, and the Role of Affect," Tinbergen Institute Discussion Papers 08-047/1, Tinbergen Institute.
- Frans Van Winden & Michal Krawczyk & Astrid Hopfensitz, 2010. "Investment, Resolution of Risk, and the Role of Affect," CESifo Working Paper Series 2975, CESifo Group Munich.
- Chris Starmer, 2000. "Developments in Non-expected Utility Theory: The Hunt for a Descriptive Theory of Choice under Risk," Journal of Economic Literature, American Economic Association, vol. 38(2), pages 332-382, June.
- George Wu, 1999. "Anxiety and Decision Making with Delayed Resolution of Uncertainty," Theory and Decision, Springer, vol. 46(2), pages 159-199, April.
- Urs Fischbacher, 2007. "z-Tree: Zurich toolbox for ready-made economic experiments," Experimental Economics, Springer;Economic Science Association, vol. 10(2), pages 171-178, June.
- Emily Haisley & Romel Mostafa & George Loewenstein, 2008. "Myopic risk-seeking: The impact of narrow decision bracketing on lottery play," Journal of Risk and Uncertainty, Springer, vol. 37(1), pages 57-75, August.
- William Chan & Pascal Courty & Li Hao, 2009. "Suspense: Dynamic Incentives in Sports Contests," Economic Journal, Royal Economic Society, vol. 119(534), pages 24-46, January.
- Chew, Soo Hong & Ho, Joanna L, 1994. "Hope: An Empirical Study of Attitude toward the Timing of Uncertainty Resolution," Journal of Risk and Uncertainty, Springer, vol. 8(3), pages 267-288, May.
- George Wu & Richard Gonzalez, 1996. "Curvature of the Probability Weighting Function," Management Science, INFORMS, vol. 42(12), pages 1676-1690, December.
- Ido Erev & Ernan Haruvy, 2010. "Two-stage lotteries and the value of unresolved uncertainty," Marketing Letters, Springer, vol. 21(2), pages 149-162, June.
- Loewenstein, George, 1987. "Anticipation and the Valuation of Delayed Consumption," Economic Journal, Royal Economic Society, vol. 97(387), pages 666-684, September.
- Clotfelter, Charles T & Cook, Philip J, 1991. "Lotteries in the Real World," Journal of Risk and Uncertainty, Springer, vol. 4(3), pages 227-232, July.
- Andrew Caplin & John Leahy, 2001. "Psychological Expected Utility Theory and Anticipatory Feelings," The Quarterly Journal of Economics, Oxford University Press, vol. 116(1), pages 55-79.
- Tversky, Amos & Wakker, Peter, 1995. "Risk Attitudes and Decision Weights," Econometrica, Econometric Society, vol. 63(6), pages 1255-1280, November.
- Zeelenberg, M. & Pieters, R., 2004. "Consequences of regret aversion in real life : The case of the Dutch postcode lottery," Other publications TiSEM d16cb90a-f96c-4fce-b4c7-4, Tilburg University, School of Economics and Management.
- Luigi Mittone & Lucia Savadori, 2008. "Influence of time delay on choice between gambles: Savoring the emotion," CEEL Working Papers 0802, Cognitive and Experimental Economics Laboratory, Department of Economics, University of Trento, Italia.
CitationsCitations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
- Roman Kräussl & Ronald Bosman & Thomas van Galen, 2014.
"Emotions-at-Risk: An Experimental Investigation into Emotions, Option Prices and Risk Perception,"
LSF Research Working Paper Series
14-11, Luxembourg School of Finance, University of Luxembourg.
- Bosman, Ronald & Kräussl, Roman & van Galen, Thomas, 2014. "Emotions-at-risk: An experimental investigation into emotions, option prices and risk perception," CFS Working Paper Series 495, Center for Financial Studies (CFS).
- Falk, Armin & Zimmermann, Florian, 2016.
"Beliefs and Utility: Experimental Evidence on Preferences for Information,"
IZA Discussion Papers
10172, Institute for the Study of Labor (IZA).
- Armin Falk & Florian Zimmermann, 2016. "Beliefs and Utility: Experimental Evidence on Preferences for Information," CESifo Working Paper Series 6061, CESifo Group Munich.
- Jieyao Ding, 2011. "What Numbers to Choose for My Lottery Ticket? Behavior Anomalies in the Chinese Online Lottery Market," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2011_23, Max Planck Institute for Research on Collective Goods.
- repec:eee:gamebe:v:109:y:2018:i:c:p:21-39 is not listed on IDEAS
- Juliane Zenker & Andreas Wagener & Sebastian Vollmer, 2014. "Better Knowledge Need Not Affect Behavior; A Randomized Evaluation on the Demand for Lottery Tickets in Rural Thailand," CID Working Papers 282, Center for International Development at Harvard University.
More about this item
Keywordslotteries; anticipation; experiment;
- C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-2010-05-15 (All new papers)
- NEP-CBE-2010-05-15 (Cognitive & Behavioural Economics)
- NEP-EXP-2010-05-15 (Experimental Economics)
- NEP-NEU-2010-05-15 (Neuroeconomics)
StatisticsAccess and download statistics
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tin:wpaper:20090098. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Tinbergen Office +31 (0)10-4088900). General contact details of provider: http://edirc.repec.org/data/tinbenl.html .
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.