A target-based foundation for the "hard-easy effect" bias
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More about this item
KeywordsExpected utility; Hard-easy effect bias; Endowment effect bias; Sunk cost effect bias; Benchmarking procedure; Loss-gain asymmetry; van Zwet skewness conditions;
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- 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-2014-11-17 (All new papers)
- NEP-CBE-2014-11-17 (Cognitive & Behavioural Economics)
- NEP-MIC-2014-11-17 (Microeconomics)
- NEP-UPT-2014-11-17 (Utility Models & Prospect Theory)
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