Deal or No Deal? Decision Making under Risk in a Large-Payoff Game Show

By Thierry Post, M. V. Assem, Guido Baltussen, Richard H. Thaler. 2008

445 citations recorded by the source corpus.

Subfields: Economics and Econometrics, General Decision Sciences, Safety Research

View Paper: https://www.semanticscholar.org/paper/c42cb19bc4332d8f95e64381291fd08a7fa8caef

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Citations in the corpus

Binary Payment Schemes: Moral Hazard and Loss Aversion (2010, background): “Investigating decision making in a large-stake game show, Thierry Post et al. (2008, 62) come to the conclusion that observed behavior is “consistent with the idea that the reference point is based on expectations.” Alike, analyzing field data, Vincent P. Crawford and Juanjuan Meng (2009) propose a ”
Monotone Stochastic Choice Models: The Case of Risk and Time Preferences (2015, background): “…work, such as Friedman (1974), Cicchetti and Dubin (1994), Hey and Orme (1994), Holt and Laury (2002), Harrison, List and Towe (2007), Andersen et al. (2008), Post et al. (2008), von Gaudecker, van Soest and Wengstrom (2011), Toubia et al. (2013), and Noussair, Trautmann and van de Kuilen (2014).”
An Endowment Effect for Risk: Experimental Tests of Stochastic Reference Points (2015, background): “In two purposefully simple risk preference experiments, eliminating often-discussed confounds, I demonstrate both between and within subjects such an endowment effect for risk.”
Are Risk Preferences Stable Across Contexts? Evidence from Insurance Data (2011, background): “…Shehata 1992; Charles A. Holt and Susan K. Laury 2002; Syngjoo Choi et al. 2007), or natural experiments in nonmarket settings such as game shows (for reviews, see Pavlo Blavatskyy and Ganna Pogrebna 2008; Thierry Post et al. 2008) or horse racing (e.g., Bruno Jullien and Bernard Salanié 2000).”
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).”
Expectations as Endowments: Evidence on Reference-Dependent Preferences from Exchange and Valuation Experiments (2011, unknown): “5Some recent field evidence on cab drivers’ labor supply (Crawford and Meng, 2010), effort choice of professional golf players (Pope and Schweitzer, 2009), risky choices in “Deal or No Deal” (Post et al., 2008), domestic violence (Card and Dahl, 2010), and police performance after final offer arbitr”
Uncertain Demand, Consumer Loss Aversion, and Flat-Rate Tariffs (2013, unknown): “9Evidence for the assumption that expectations determine the reference point is documented by Abeler et al. (forthcoming), Post et al. (2008), Crawford and Meng (2009), Gill and Prowse (2009), and Ericson and Fuster (2009).”
Reference-Dependent Consumption Plans (2009, unknown): “For a function v : R → R satisfying assumptions A0 through A4, let U(F |G) = ∫∫ v(c− r)dG(r)dF (c), and (13) V (F |G) = ∫ v(c−G)dF (c).”
Reference-Dependent Job Search: Evidence from Hungary (2017, unknown): “This is one of very few estimates of the speed of updating in backward-looking reference-point models (see also Post et al., 2008). We examine alternative specifications of the model. For the reference-dependent model, we allow for different levels of gain utility and for an alternative process of r”
Prospect Theory and the Brain (2009, background): “…adopting aspirations as reference points (Heath et al., 1999), incorporating expectations into reference point setting (Kőszegi and Rabin, 2006; Post et al., 2008), or persisting in the adoption of prior reference points, viewing recent winnings as house money (Thaler and Johnson, 1990).”
Exploring Higher-Order Risk Effects (2010, background): “…AL 35487-0224 USA hschlesi@cba.ua.edu November 1, 2008 The authors thank Ana Ania, Louis Eeckhoudt, Urs Fischbacher, Christian Thomann and Andreas Wagener, as well as seminar participants at the Universities of Munich, Hannover and Augsburg for helpful comments on an earlier draft of this paper.”
On the Linkage between Financial Risk Tolerance and Risk Aversion: Evidence from a Psychometrically-Validated Survey versus an Online Lottery Choice Experiment (2006, unknown): “See, for example, Andersen et al. (2006b, c and d), Bombardini and Trebbi (2005); Blavatskyy and Pogrebna (2006a and b); de Roos and Serafidis (2006); Post et al. (2006) ; and Mulino et al. (2006).”
From Cashews to Nudges: The Evolution of Behavioral Economics (2018, unknown): “See Post et al. (2008).”