The value of superstitions

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 differen...

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Detalles Bibliográficos
Autores principales: Ng, Travis, Chong, Terence, Du, Xin
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier B.V. 2010
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7113914/
https://www.ncbi.nlm.nih.gov/pubmed/32287557
http://dx.doi.org/10.1016/j.joep.2009.12.002
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author Ng, Travis
Chong, Terence
Du, Xin
author_facet Ng, Travis
Chong, Terence
Du, Xin
author_sort Ng, Travis
collection PubMed
description 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.
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spelling pubmed-71139142020-04-02 The value of superstitions Ng, Travis Chong, Terence Du, Xin J Econ Psychol Article 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. Elsevier B.V. 2010-06 2009-12-24 /pmc/articles/PMC7113914/ /pubmed/32287557 http://dx.doi.org/10.1016/j.joep.2009.12.002 Text en Copyright © 2009 Elsevier B.V. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Ng, Travis
Chong, Terence
Du, Xin
The value of superstitions
title The value of superstitions
title_full The value of superstitions
title_fullStr The value of superstitions
title_full_unstemmed The value of superstitions
title_short The value of superstitions
title_sort value of superstitions
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7113914/
https://www.ncbi.nlm.nih.gov/pubmed/32287557
http://dx.doi.org/10.1016/j.joep.2009.12.002
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