Michael J Liersch
Biographic Data
| ID | 6540782 |
|---|---|
| NAME | Michael J Liersch |
| GIVEN NAMES | Michael J |
| FAMILY NAME | Liersch |
| SIGNATURE | LIERSCH M J |
| AFFILIATIONS | Merrill Lynch New York City NY USA |
| VERIFIED | No |
| TOTAL WORKS | 2 |
| TOTAL CITATIONS | 0 |
| AUTHOR COUNT | 2 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2006 |
| LATEST PUBLICATION YEAR | 2015 |
| H-INDEX | 0 |
Are Longshots Only for Losers? A New Look at the Last Race Effect
There is evidence that betting on longshots increases in the last race of a day of horse racing. Previous accounts have assumed that the phenomenon is driven by bettors who have lost money and are trying to recoup their losses. To test this assumption of “reference dependence,” three laboratory experiments simulated a day at the races: In each of several rounds, participants chose either (i) a gamble with a small probability of a large gain and a…
Recommendations Implicit in Policy Defaults
Should people be considered organ donors after their death unless they request not to be, or should they not be considered donors unless they request to be? Because people tend to stay with the default in a variety of domains, policymakers' choice of default has large and often important effects. In the United States, where the organ-donation policy default is “not a donor,” about 5,000 people die every year because there are too few donors. Four…
No prominent works on this page.
Recommendations Implicit in Policy Defaults
Should people be considered organ donors after their death unless they request not to be, or should they not be considered donors unless they request to be? Because people tend to stay with the default in a variety of domains, policymakers' choice of default has large and often important effects. In the United States, where the organ-donation policy default is “not a donor,” about 5,000 people die every year because there are too few donors. Four…
Are Longshots Only for Losers? A New Look at the Last Race Effect
There is evidence that betting on longshots increases in the last race of a day of horse racing. Previous accounts have assumed that the phenomenon is driven by bettors who have lost money and are trying to recoup their losses. To test this assumption of “reference dependence,” three laboratory experiments simulated a day at the races: In each of several rounds, participants chose either (i) a gamble with a small probability of a large gain and a…
Economics (2 works) · Psychology (2 works) · Action (physics) (1 works) · Actuarial science (1 works) · Business (1 works) · Decision-Making and Behavioral Economics (1 works) · Default (1 works) · Demographic economics (1 works) · Donation (1 works) · Econometrics (1 works)