We also present data from real money experiments supporting a “house money effect” (increased risk seeking in the presence of a prior gain) and “break-even effects” (in the presence of prior losses, outcomes which offer a chance to break even are especially attractive). Gambling With the House Money and Trying to Break Even ... Gambling With the House Money and Trying to Break Even: The Effects of Prior Outcomes on Risky Choice. ... Thaler and Johnson's (1990) "house money" effects). It is easy for subjects to understand ... Thaler Johnson Gambling With The House Money - There was a ...
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Essays on the house money effect. Problem house money effect explains the tendency of investors and traders problem take on greater risk when money profit earned via stocks, bonds, futures thaler options than they would when investing their savings or a portion of their wages. Richard H. Thaler and The J. Thaler R H Johnson E J 1990 Gambling with the house money ... Thaler R H Johnson E J 1990 Gambling with the house money and trying to break from BUSINESS 3265 at Florida International University Gambling with the House Money and Trying to Break Even ... GAMBLING WITH THE HOUSE MONEY AND TRYING TO BREAK EVEN: THE EFFECTS OF PRIOR OUTCOMES ON RISKY CHOICE* RICHARD H. THALER AND ERIC J. JOHNSON Johnson Graduate School of Management, Cornell University, Ithaca, New York 14853 The Wharton School, University of Pennsylvania, Philadelphia, Pennsylvania 19104-6371 Gambling with the House Money and Trying to Break Even ... Thaler, R., and Eric Johnson. "Gambling with the House Money and Trying to Break Even: The Effects of Prior Outcomes on Risky Choice." Management Science 36, no. 6 (1990): 643-60.
Thaler, R. and E. J. Johnson, 1990, Gambling with the house money and trying to break even: The effects of prior outcomes on risky choice, Management Science 36, no. 6, 643-660.
12 May 2008 ... Given the prevalence of gambling-type problems in economics, it is ... behaviour to test Thaler and Johnson's (1990) house money effect and ... Why are gainers more risk seeking - Judgment and Decision Making Thaler and Johnson's (1990) explanation of the house money effect was that people ... Figure 2: The different loss curve of gambling profits and normal incomes ... Gambling with the house money and trying - Columbia Business ... 2 May 2002 ... Gambling with the House Money and Trying to Break Even: The Effects of ... RICHARD H, THALER AND ERIC J. JOHNSON. Johnson Graduate ... Gambling with the House Money and Trying to Break Even - SSRN
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Richard H. Thaler | IDEAS/RePEc Richard H. Thaler: current contact information and listing of economic research of this author provided by RePEc/IDEAS. ... Richard H. Thaler & Eric J. Johnson, 1990. "Gambling with the House Money and Trying to Break Even: The Effects of ... 12 things you can learn about investing from Nobel Prize winner ... Oct 30, 2017 ... Also read: Richard Thaler on why we're idiots about money and .... just won is referred to as 'gambling with the house's money,' as if it were, ... Thaler and Johnson have called this phenomenon “prospect theory, with memory.
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Richard H. Thaler & Eric J. Johnson, 1990. "Gambling with the House Money and Trying to Break Even: The Effects of Prior Outcomes on Risky Choice," Management Science, INFORMS, vol. 36(6), pages 643-660, June.
www.jstor.org Gambling with the House Money and Trying to Break Even: The Effects of Prior Outcomes on Risky Choice Created Date: 20160807233145Z ... Thaler Richard H and Eric J Johnson 1990 Gambling with the ... Thaler, Richard H., and Eric J. Johnson. 1990. “Gambling with the House Money and Trying to Break Even: The Effects of Prior Outcomes on Risky Choice.” Management Science 36 ( 36