Match!
James A. Sundali
University of Nevada, Reno
27Publications
10H-index
721Citations
Publications 28
Newest
#1Florina Salaghe (Benedictine University)
#2James A. Sundali (UNR: University of Nevada, Reno)H-Index: 10
Last.Federico Guerrero (UNR: University of Nevada, Reno)H-Index: 3
view all 4 authors...
Abstract Using individual transaction gambling data from a casino, we examine the existence of positively or negatively autocorrelated betting behavior in a panel of 42,669 gamblers observed over a period of 108 consecutive days encompassing over 17 million slot machines plays. The statistical analysis suggests that gamblers increase their bet sizes significantly more after win streaks, with the largest increase occurring after three wins in a row. This increase in bet size following win streaks...
Source
#1Dimitra Papadovasilaki (Lake Forest College)H-Index: 1
#2Federico Guerrero (UNR: University of Nevada, Reno)H-Index: 3
Last.James A. Sundali (UNR: University of Nevada, Reno)H-Index: 10
view all 3 authors...
Abstract In two experiments on sequential asset allocation decisions between a safe and a risky asset, we find that an early market crash leads subjects to invest less in a risky asset in later periods, a result that is mediated by gender. In the first experiment subjects who experience a market bust early in the investment lifecycle invest less in a risky asset compared to subjects who experience a market boom, even when the subjects receive the exact same return stream over twenty periods. In ...
Source
#1Amanda H. Safford (UNR: University of Nevada, Reno)H-Index: 1
#2James A. Sundali (UNR: University of Nevada, Reno)H-Index: 10
Last.Federico Guerrero (UNR: University of Nevada, Reno)H-Index: 3
view all 3 authors...
Do people who lived through the depression take fewer financial risks because of the negative returns experienced? More generally, what is the importance of historical return streams on current inv...
Source
#1Rattaphon Wuthisatian (Southern Oregon University)H-Index: 2
#2Federico Guerrero (UNR: University of Nevada, Reno)H-Index: 3
Last.James A. Sundali (UNR: University of Nevada, Reno)H-Index: 10
view all 3 authors...
Purpose The purpose of this paper is to suggest that a fundamental cause of market booms and busts is that investor risk attitudes change during market booms. Specifically, the authors propose that an investor’s risk aversion falls as (s)he attempts to “keep up with the Joneses.” This paper studies changing risk attitudes induced by social interactions, and shows that risk-seeking behavior that is initially successful may induce copycat behavior and lead individuals in the same peer group to red...
Source
#1Dimitra Papadovasilaki (UNR: University of Nevada, Reno)H-Index: 1
#2Federico Guerrero (UNR: University of Nevada, Reno)H-Index: 3
Last.Gregory R. Stone (UNR: University of Nevada, Reno)H-Index: 2
view all 4 authors...
Purpose - – The purpose of this paper is to examine the influence of early investment experiences on subsequent portfolio allocation decisions in a laboratory setting. Design/methodology/approach - – In an experiment in which the task consisted of allocating a portfolio between a risky and riskless asset for 20 periods, two groups of subjects were confronted with either a market boom or bust in the initial four periods. Findings - – The findings suggest that after controlling for demographic cha...
1 CitationsSource
#1Alice M. Wieland (UNR: University of Nevada, Reno)H-Index: 5
#2James A. SundaliH-Index: 10
Last.Rakesh K. SarinH-Index: 29
view all 4 authors...
We explore different contexts and mechanisms that might promote or alleviate the gender effect in risk aversion. Our main result is that we do not find gender differences in risk aversion when the choice is framed as a willingness-to-accept (WTA) task. When the choice is framed as a willingness-to-pay (WTP) task, men are willing to pay more and thus exhibit lower risk aversion. However, when the choice is framed as a willingness to accept task, women will not accept less than men. These findings...
8 Citations
#1James A. Sundali (UNR: University of Nevada, Reno)H-Index: 10
#2Gregory R. StoneH-Index: 2
Last.Federico GuerreroH-Index: 3
view all 3 authors...
Purpose - The purpose of this paper is to conduct a controlled experiment to examine the effect of goal setting and affect framed feedback on repeated asset allocation investment decisions. Design/methodology/approach - The design of the experiment is a 2×2 between subject design. Subjects allocated monies among four investments for 20 periods. One manipulation varied whether subjects received performance feedback in the form of a happy or sad face, while another manipulation varied whether subj...
2 CitationsSource
#1James A. Sundali (UNR: University of Nevada, Reno)H-Index: 10
#2Amanda H. Safford (UNR: University of Nevada, Reno)H-Index: 1
Last.Rachel Croson (University of Texas at Austin)H-Index: 49
view all 3 authors...
We examine how almost winning in roulette affects subsequent betting behavior. Our main finding is heterogeneity in gambler behavior with some gamblers less likely to bet on numbers that were near misses on the prior spin and other gamblers more likely to bet on near miss numbers. Using a unique data set from the game rapid roulette, we model the likelihood of a gambler betting on a near miss number while controlling for the favorite number bias and the likelihood of a number being a near miss. ...
8 Citations
#1Federico GuerreroH-Index: 3
#2Gregory R. StoneH-Index: 2
Last.James A. SundaliH-Index: 10
view all 3 authors...
We test for the presence of fear in an experiment in which subjects make portfolio allocation decisions with market returns from the Great Crash of 1929. Half the subjects make allocation decisions prior to the market crash while the other half make allocation decisions at the start of the crash. The results show that subjects who start the experiment with declining stock returns allocate 8% less to stocks than subjects who start the experiment with increasing stock returns. Risk aversion, hedgi...
3 Citations
123