Do Auction Bids Betray Expectations-Based Reference Dependent Preferences? A Test, Experimental Evidence, and Estimates of Loss Aversion
Published By: CDE on eSS | Published Date: November, 20 , 2011A novel experimental auction design that exploits
an exogenous variation in the probability of winning to test for the presence
of expectations-based reference dependent preferences is provided. [Working Paper No. 206]. URL:[http://www.cdedse.org/].
Author(s): Abhijit Banerji, Neha Gupta | Posted on: Nov 22, 2011 | Views(757) | Download (148)