메뉴 건너뛰기




Volumn 59, Issue 7, 2013, Pages 1479-1495

The loser's curse: Decision making and market efficiency in the National Football League draft

Author keywords

Decision making; Efficient market hypothesis; Judgment under uncertainty; Organizational studies; Overconfidence

Indexed keywords

ECONOMIC INCENTIVE; EFFICIENT MARKET HYPOTHESIS; JUDGMENT UNDER UNCERTAINTY; ORGANIZATIONAL STUDIES; OVERCONFIDENCE; PSYCHOLOGICAL FACTORS; PSYCHOLOGICAL RESEARCH; RATIONAL EXPECTATIONS;

EID: 84880370066     PISSN: 00251909     EISSN: 15265501     Source Type: Journal    
DOI: 10.1287/mnsc.1120.1657     Document Type: Article
Times cited : (128)

References (29)
  • 1
    • 0039788569 scopus 로고
    • Player compensation in the National Football League
    • Staudohar PD, Mangan JA, eds. (University of Illinois Press, Urbana)
    • Ahlburg DA, Dworkin JB (1991) Player compensation in the National Football League. Staudohar PD, Mangan JA, eds. The Business of Professional Sports (University of Illinois Press, Urbana), 61-70.
    • (1991) The Business of Professional Sports , pp. 61-70
    • Ahlburg, D.A.1    Dworkin, J.B.2
  • 2
    • 0002560333 scopus 로고
    • A progress report on the training of probability assessors
    • Kahneman D, Slovic P, Tversky A, eds. (Cambridge University Press, Cambridge, UK)
    • Alpert M, Raiffa H (1982) A progress report on the training of probability assessors. Kahneman D, Slovic P, Tversky A, eds. Judgment Under Uncertainty: Heuristics and Biases (Cambridge University Press, Cambridge, UK), 294-305.
    • (1982) Judgment under Uncertainty: Heuristics and Biases , pp. 294-305
    • Alpert, M.1    Raiffa, H.2
  • 3
    • 0020831347 scopus 로고
    • Risk premiums for decision regret
    • Bell D (1983) Risk premiums for decision regret. Management Sci. 29(10):1156-1166.
    • (1983) Management Sci. , vol.29 , Issue.10 , pp. 1156-1166
    • Bell, D.1
  • 6
    • 33646446566 scopus 로고
    • Optimal strategies on fourth down
    • Carter V, Machol RE (1978) Optimal strategies on fourth down. Management Sci. 24(16):1758-1762.
    • (1978) Management Sci. , vol.24 , Issue.16 , pp. 1758-1762
    • Carter, V.1    MacHol, R.E.2
  • 7
    • 84900013243 scopus 로고
    • Does the stock-market overreact
    • De Bondt WFM, Thaler R (1985) Does the stock-market overreact. J. Finance 40(3):793-805.
    • (1985) J. Finance , vol.40 , Issue.3 , pp. 793-805
    • De Bondt, W.F.M.1    Thaler, R.2
  • 8
    • 65949094200 scopus 로고    scopus 로고
    • Psychology and economics: Evidence from the field
    • Della Vigna S (2009) Psychology and economics: Evidence from the field. J. Econom. Literature 47(2):315-372.
    • (2009) J. Econom. Literature , vol.47 , Issue.2 , pp. 315-372
    • Della Vigna, S.1
  • 9
    • 84880394888 scopus 로고    scopus 로고
    • ESPN ESPN Insïder (March 1)
    • ESPN (2004) NFL draft-pick value chart. ESPN Insïder (March 1), http://sports.espn.go.com/nfl/draft06/news/story?id=2410670.
    • (2004) NFL Draft-pick Value Chart.
  • 11
    • 84880351161 scopus 로고    scopus 로고
    • A note on incentives in the NFL
    • Harvard Business School, Boston
    • Hall BJ, Lim JP (2002) A note on incentives in the NFL. HBS Case 902-129, Harvard Business School, Boston.
    • (2002) HBS Case 902-129
    • Hall, B.J.1    Lim, J.P.2
  • 12
    • 0002092658 scopus 로고
    • Regression to the mean, expectation inflation, and the winner's curse in organizational contexts
    • Kramer R, Messick DM, eds. (Sage Publications, Thousand Oaks, CA)
    • Harrison JR, Bazerman MH (1995) Regression to the mean, expectation inflation, and the winner's curse in organizational contexts. Kramer R, Messick DM, eds. The Social Context of Negotiation (Sage Publications, Thousand Oaks, CA), 69-94.
    • (1995) The Social Context of Negotiation , pp. 69-94
    • Harrison, J.R.1    Bazerman, M.H.2
  • 13
    • 84935412890 scopus 로고
    • Decision-making and post-decision surprises
    • Harrison JR, March JG (1984) Decision-making and post-decision surprises. Admin. Sci. Quart. 29(1):26-42.
    • (1984) Admin. Sci. Quart. , vol.29 , Issue.1 , pp. 26-42
    • Harrison, J.R.1    March, J.G.2
  • 14
    • 84933491197 scopus 로고
    • The effects of race on professional football players compensation
    • Kahn LM (1992) The effects of race on professional football players compensation. Indust. Labor Relations Rev. 45(2):295-310.
    • (1992) Indust. Labor Relations Rev. , vol.45 , Issue.2 , pp. 295-310
    • Kahn, L.M.1
  • 15
    • 58149417364 scopus 로고
    • On the psychology of prediction
    • Kahneman D, Tversky A (1973) On the psychology of prediction. Psych. Rev. 80(4):237-251.
    • (1973) Psych. Rev. , vol.80 , Issue.4 , pp. 237-251
    • Kahneman, D.1    Tversky, A.2
  • 16
    • 85098033743 scopus 로고    scopus 로고
    • Russell Sage Foundation, Cambridge University Press, Cambridge, UK
    • Kahneman D, Tversky A (2000) Choices, Values, and Frames (Russell Sage Foundation, Cambridge University Press, Cambridge, UK).
    • (2000) Choices, Values, and Frames
    • Kahneman, D.1    Tversky, A.2
  • 17
    • 84861328737 scopus 로고    scopus 로고
    • Which CEO characteristics and abilities matter?
    • Kaplan S, Klebanov M, Sorensen M (2012) Which CEO characteristics and abilities matter? J. Finance 67(3):973-1007.
    • (2012) J. Finance , vol.67 , Issue.3 , pp. 973-1007
    • Kaplan, S.1    Klebanov, M.2    Sorensen, M.3
  • 18
    • 0001636453 scopus 로고
    • Confirmation, disconfirmation, and information in hypothesis testing
    • Klayman J, Ha Y (1987) Confirmation, disconfirmation, and information in hypothesis testing. Psych. Rev. 94(2):211-228.
    • (1987) Psych. Rev. , vol.94 , Issue.2 , pp. 211-228
    • Klayman, J.1    Ha, Y.2
  • 19
    • 84990361386 scopus 로고    scopus 로고
    • Winner take all in the NFL: The effect of the salary cap and free agency on the compensation of skill position players
    • Leeds MA, Kowalewski S (2001) Winner take all in the NFL: The effect of the salary cap and free agency on the compensation of skill position players. J. Sports Econom. 2(3):244-256.
    • (2001) J. Sports Econom. , vol.2 , Issue.3 , pp. 244-256
    • Leeds, M.A.1    Kowalewski, S.2
  • 20
    • 0033089176 scopus 로고    scopus 로고
    • Accounting for the effects of accountability
    • Lerner J, Tetlock P (1999) Accounting for the effects of accountability. Psych. Bull. 125(2):255-275.
    • (1999) Psych. Bull. , vol.125 , Issue.2 , pp. 255-275
    • Lerner, J.1    Tetlock, P.2
  • 22
    • 58149449547 scopus 로고
    • Overconfidence in case-study judgments
    • Oskamp S (1965) Overconfidence in case-study judgments. J. Consulting Psych. 29(3):261-265.
    • (1965) J. Consulting Psych. , vol.29 , Issue.3 , pp. 261-265
    • Oskamp, S.1
  • 23
    • 33646446024 scopus 로고    scopus 로고
    • Do firms maximize? Evidence from professional football
    • Romer D (2006) Do firms maximize? Evidence from professional football. J. Political Econom. 114(2):340-365.
    • (2006) J. Political Econom. , vol.114 , Issue.2 , pp. 340-365
    • Romer, D.1
  • 24
    • 49449125027 scopus 로고
    • The false consensus effect: An egocentric bias in social perception and attribution processes
    • Ross L, Greene D, House P (1977) The false consensus effect: An egocentric bias in social perception and attribution processes. J. Experiment. Soc. Psych. 13(3):279-301.
    • (1977) J. Experiment. Soc. Psych. , vol.13 , Issue.3 , pp. 279-301
    • Ross, L.1    Greene, D.2    House, P.3
  • 28
    • 74149083963 scopus 로고    scopus 로고
    • Can behavioral economics save us from ourselves?
    • Stewart S (2005) Can behavioral economics save us from ourselves? Univ. Chicago Magazine 97(3):36-42.
    • (2005) Univ. Chicago Magazine , vol.97 , Issue.3 , pp. 36-42
    • Stewart, S.1
  • 29
    • 0001520893 scopus 로고
    • The winner's curse
    • Thaler RH (1988) The winner's curse. J. Econom. Perspect. 2(1): 191-202.
    • (1988) J. Econom. Perspect. , vol.2 , Issue.1 , pp. 191-202
    • Thaler, R.H.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.