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The value of superstitions

Travis Ng (), Terence Tai Leung Chong () and Xin Du

Journal of Economic Psychology, 2010, vol. 31, issue 3, 293-309

Abstract: This paper estimates the value of superstitions by studying the auctions of vehicle license plates. We show that the value of superstitions is economically significant, which justifies their persistence in human civilization. We also document the changes of the value of superstitions across different types of plates, across different policy regimes, and across different macroeconomic environments. Interestingly, some of the changes are rather consistent with economic intuition.

Keywords: Superstitions; Auction (search for similar items in EconPapers)
Date: 2010
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Related works:
Working Paper: The Value of Superstitions (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:joepsy:v:31:y:2010:i:3:p:293-309

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