Book Review: Labor Economics: The Winner's Curse: Paradoxes and Anomalies of Economic Life

By Michael Bognanno. 1993

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Citations in the corpus

Controlling Overestimation Bias with Truncated Mixture of Continuous Distributional Quantile Critics (2020, background): “It is known as the max-operator bias in statistics (D’Eramo et al., 2017) and as the ”winner’s curse” in economics (Smith & Winkler, 2006; Thaler, 2012).”
The Optimizer's Curse: Skepticism and Postdecision Surprise in Decision Analysis (2006, methodology): “It has proven difficult to document the winner’s curse by using field data (see, e.g., Thaler 1992 and Porter 1995), and we think that it would be at least as difficult to document the optimizer’s curse in this way.”
Educational Debt Burden and Career Choice: Evidence from a Financial Aid Experiment at NYU Law School (2006, unknown): “In particular, previous studies provide empirical evidence of debt aversion in many settings which suggests that individuals experience disutility from debt beyond the interest expense of borrowing (Thaler, 1992).”
The effects of monetary incentives on effort and task performance: theories, evidence, and a framework for research (2002, background): “While we are not aware of any studies examining the interaction of incentives and presentation format or framing, the literature on preference reversals offers some clues as to predictions (see Thaler, 1992 for a review).”
Parimutuel betting markets as information aggregation devices: experimental results (2003, background): “3 The empirical literature (Weitzman, 1965; Rosett, 1965; Ali, 1977, 1979; Snyder, 1978; Asch, Malkiel and Quandt, 1982; Thaler, 1992) has a long history of testing various forms of the efficient”
Perceived Saving Motives and Hierarchical Financial Needs (2000, unknown): “Thaler (1992, p.198) states, "rational models tend to be simple and elegant with precise predictions, while behavioral models tend to be complicated, and messy, with much vaguer predictions." This study did not have the goal of developing a formal behavioral saving model, but only to accumulate emp”
Does Watching TV Make Us Happy (2007, unknown): “JEL classification: D12; D91; I31; J22 PsycINFO classification: 3000; 3740; 3900 Keywords: Life satisfaction; Mispredicting utility; Revealed behavior; Self-control problem; TV consumption”
Managerial decision-making in international business: A forty-five-year retrospective (2011, background): “A third area of research contributing to the theoretical foundations of managerial decision-making lies at the intersection of psychology and economics (e.g., Arieli, 2008; Rabin, 1998; Thaler, 1991).”
Risky Behavior among Youths: Some Issues from Behavioral Economics (2000, unknown): “For a general overview of some of the topics studied by behavioral economics, see Thaler (1992) , Camerer (1995) and Rabin (1998).”
The cost of pride: Why do firms from developing countries bid higher? (2011, unknown): “Kahneman and Tversky (1979), Thaler (1992) , and Benartzi and Thaler (1995) provide many useful references to this literature.”
Human Capital, Shared Expertise, and the Likelihood of Impasse in Corporate Acquisitions (2002, unknown): “When facing a risk of the winner’s curse, rational bidders reduce their bids to adjust for the likelihood of this dilemma (Thaler, 1992).”
Sustainable Consumption and Worktime Reduction (2005, background): “(See Thaler 1992, chapter 6, for a survey of these effects.)”