The DOI matches its Crossref record; 24 of the 24 references it cites were found in a registry or an index.
Projection Bias in Catalog Orders
Abstract
Evidence suggests that people understand qualitatively how tastes change over time, but underestimate the magnitudes. This evidence is limited, however, to laboratory evidence or surveys of reported happiness. We test for such projection bias in field data. Using data on catalog orders of cold-weather items, we find evidence of projection bias over the weather—specifically, people's decisions are overinfluenced by the current weather. Our estimates suggest that if the order-date temperature declines by 30°F, the return probability increases by 3.95 percent. We also estimate a structural model to measure the magnitude of the bias. (JEL D12, L81)
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1 retracted
RETRACTED: Procrastination, Deadlines, and Performance: Self-Control by Precommitment
Ariely, D., & Wertenbroch, K. (2002) · Psychological Science · doi:10.1111/1467-9280.00441 · Cited by 1,266
RetractedFilders, R. (1992) · International Journal of Forecasting · doi:10.1016/0169-2070(92)90130-2 · Cited by 16,165
Out of Control: Visceral Influences on Behavior
Loewenstein, G. (1996) · Organizational Behavior and Human Decision Processes · doi:10.1006/obhd.1996.0028 · Cited by 2,610
Psychology and Economics: Evidence from the Field
DellaVigna, S. (2009) · Journal of Economic Literature · doi:10.1257/jel.47.2.315 · Cited by 2,365
Good Day Sunshine: Stock Returns and the Weather
Hirshleifer, D., & Shumway, T. (2003) · The Journal of Finance · doi:10.1111/1540-6261.00556 · Cited by 1,713
Loss Aversion and Seller Behavior: Evidence from the Housing Market
Genesove, D., & Mayer, C. (2001) · The Quarterly Journal of Economics · doi:10.1162/003355301753265561 · Cited by 1,628
Labor Supply of New York City Cabdrivers: One Day at a Time
Camerer, C., Babcock, L., Loewenstein, G., & Thaler, R. (1997) · The Quarterly Journal of Economics · doi:10.1162/003355397555244 · Cited by 1,218
Projection Bias in Predicting Future Utility
Loewenstein, G., O'Donoghue, T., & Rabin, M. (2003) · The Quarterly Journal of Economics · doi:10.1162/003355303322552784 · Cited by 1,117
Self-citationDella Vigna, S., & Malmendier, U. (2006) · American Economic Review · doi:10.1257/aer.96.3.694 · Cited by 1,117
Winter Blues: A SAD Stock Market Cycle
Kamstra, M. J., Kramer, L. A., & Levi, M. D. (2003) · American Economic Review · doi:10.1257/000282803321455322 · Cited by 1,096
Cited by
Psychology and Economics: Evidence from the Field
DellaVigna, S. (2009) · Journal of Economic Literature · doi:10.1257/jel.47.2.315 · Cited by 2,365
Angrist, J. D., & Pischke, J.-S. (2010) · Journal of Economic Perspectives · doi:10.1257/jep.24.2.3 · Cited by 1,566
Della Vigna, S., & Malmendier, U. (2006) · American Economic Review · doi:10.1257/aer.96.3.694 · Cited by 1,117
Choi, D., Gao, Z., & Jiang, W. (2020) · The Review of Financial Studies · doi:10.1093/rfs/hhz086 · Cited by 1,117
Testing for Altruism and Social Pressure in Charitable Giving
DellaVigna, S., List, J. A., & Malmendier, U. (2012) · The Quarterly Journal of Economics · doi:10.1093/qje/qjr050 · Cited by 1,080
Metadata
- Authors
- Conlin, M., O'Donoghue, T., & Vogelsang, T. J.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2007-08-01
- Volume
- 97
- Issue
- 4
- Pages
- 1217-1249
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W1988908583
- Cited by
- 253
- References
- 24
- FWCI
- 3.90
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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