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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP10048 |
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 |
URL | https://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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