Wishful betting

Yaron Lahav and Or Santo

Economics Letters, 2022, vol. 218, issue C

Abstract: Wishful betting is the tendency to bet higher amounts on more desired outcomes. In our experiments, subjects profit from either buying or selling wheat, hence having an interest in specific price levels. We find wishful betting but no wishful thinking.

Keywords: Behavioral economics; Wishful thinking; Wishful betting; Beliefs; Actions (search for similar items in EconPapers)
JEL-codes: C91 C92 D83 D84 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:218:y:2022:i:c:s0165176522002816

DOI: 10.1016/j.econlet.2022.110778

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