The winner's curse : paradoxes and anomalies of economic life

書誌事項

The winner's curse : paradoxes and anomalies of economic life

Richard H. Thaler

Princeton University Press, 1994

  • : pbk

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注記

Originally published: New York : Free Press, c1992

Bibliography: p. 199-223

Includes index

内容説明・目次

内容説明

Richard Thaler challenges the received economic wisdom by revealing many of the paradoxes that abound even in the most painstakingly constructed transactions. He presents literate, challenging, and often funny examples of such anomalies as why the winners at auctions are often the real losers--they pay too much and suffer the "winner's curse"--why gamblers bet on long shots at the end of a losing day, why shoppers will save on one appliance only to pass up the identical savings on another, and why sports fans who wouldn't pay more than $200 for a Super Bowl ticket wouldn't sell one they own for less than $400. He also demonstrates that markets do not always operate with the traplike efficiency we impute to them. An ebook edition is available from The Free Press at leading on-line booksellers.

目次

Acknowledgments1Introduction12Cooperation63The Ultimatum Game214Interindustry Wage Differentials365The Winner's Curse506The Endowment Effect, Loss Aversion, and Status Quo Bias637Preference Reversals798Intertemporal Choice929Savings, Fungibility, and Mental Accounts10710Pari-mutuel Betting Markets12211Calendar Effects in the Stock Market13912A Mean Reverting Walk Down Wall Street15113Closed-End Mutual Funds16814Foreign Exchange18215Epilogue197References199Index225

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詳細情報

  • NII書誌ID(NCID)
    BA22857996
  • ISBN
    • 9780691019345
  • LCCN
    93027713
  • 出版国コード
    us
  • タイトル言語コード
    eng
  • 本文言語コード
    eng
  • 出版地
    Princeton, N.J.
  • ページ数/冊数
    ix, 230 p.
  • 大きさ
    24 cm
  • 分類
  • 件名
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