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Leon Xiao
leonxiao.com
did:plc:mqndu5myrtsavmul5hir54sj
“[Cordes et al.] provide experimental evidence suggesting that common design features of loot boxes … such as opaque odds … induce overspending by inflating the belief of winning a prize … [doubling] the average willingness-to-pay for lotteries.”
https://doi.org/10.1016/j.jebo.2024.106755
2024-12-02T11:47:20.454Z