G2TT
来源类型Discussion paper
规范类型论文
来源IDDP10048
DP10048 Anchoring or Loss Aversion? Empirical Evidence from Art Auctions
Kathryn Graddy
发表日期2014-06-29
出版年2014
语种英语
摘要We find evidence for the behavioral biases of anchoring and loss aversion. We find that anchoring is more important for items that are resold quickly, and we find that the effect of loss aversion increases with the time that a painting is held. The evidence in favor of anchoring and loss aversion with this large dataset validates previous results and adds to the empirical evidence a finding of increasing loss aversion with the length a painting is held. We do not find evidence that investors can take advantage of these behavioral biases.
主题Industrial Organization
关键词Anchoring Loss aversion Endowment effect Art auctions
URLhttps://cepr.org/publications/dp10048
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/538880
推荐引用方式
GB/T 7714
Kathryn Graddy. DP10048 Anchoring or Loss Aversion? Empirical Evidence from Art Auctions. 2014.
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