An experimental examination of the house money effect in a multi-period setting

By Lucy F. Ackert, N. Charupat, Bryan K. Church, Richard Deaves. 2006

161 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Experimenter demand effects in economic experiments (2010, unknown): “7 Another one is the possibility that subjects may aim to extract as much money from the experimenter, or anyway that there may be house money effects (e.g., Ackert et al. 2006; Harrison and Johnson 2006; Harrison 2007).”
Incentives in Experiments: A Theoretical Analysis (2018, background): “For example, if all decisions are paid, subjects can become more risk seeking after losses and more risk averse after gains (Thaler and Johnson 1990; Weber and Zuchel 2005; Ackert et al. 2006).”
Variation in risk seeking behaviour following large losses: A natural experiment (2014, background): “In addition, inspired by prospect theory (Kahneman, 2002) a lot of interest has also been given to how risk attitudes change following gains and losses (Thaler and Johnson, 1990; Ackert et al., 2006; Post et al., 2008).”