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Josh Matti

one million reviews over 5 years, the results reveal that unexpected home game losses lead to lower ratings for Yelp reviews. Unexpected wins, however, do not increase ratings. In addition to reflecting loss aversion, reviewer behavior is consistent with reference-dependent preferences. Wins and

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Brian M. Mills, Steven Salaga, and Scott Tainsky

We add to the recent ticket market literature by using a unique, disaggregated, and proprietary data set of primary market ticket sales transactions from a National Basketball Association team that includes previously unavailable information on date of purchase, customer location, and other consumer demographics. We find that local and out-of-market fans differ in their total purchase amounts, with out-of-market fans spending more than local consumers, on average, and differential spending effects based on the home team win probability. In particular, this differential behavior has important implications for Rottenberg’s uncertainty of outcome hypothesis. We find evidence that interest in visiting team quality dominates interest in perceived contest uncertainty, fitting the reference-dependent preference model in the context of low local team quality. Further, these findings also have important implications related to market segmentation and dynamic ticket pricing in professional sport.

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Nicholas M. Watanabe, Stephen Shapiro, and Joris Drayer

outcomes on perceptions of local businesses. This study extended knowledge on loss-aversion and reference-dependent preferences through an investigation of close to one million Yelp reviews. Consistent with loss aversion, Matti found that unexpected losses led to more negative business reviews. As online

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Brian M. Mills

. , & Humphreys , B.R. ( 2008 ). Do economists reach a conclusion on subsidies for sports franchises, stadiums, and mega-events? Econ Journal Watch, 5 ( 3 ), 294 – 315 . Coates , D. , Humphreys , B.R. , & Zhou , L. ( 2014 ). Reference-dependent preferences, loss aversion, and live game attendance

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Steven Salaga, Scott Tainsky, and Michael Mondello

. Journal of Sports Economics, 17 ( 8 ), 790 – 812 . doi:10.1177/1527002514551002 10.1177/1527002514551002 Coates , D. , Humphreys , B.R. , & Zhou , L. ( 2014 ). Reference-dependent preferences, loss aversion, and live game attendance . Economic Inquiry, 52 ( 3 ), 959 – 973 . doi:10.1111/ecin

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John Charles Bradbury

– 455 . doi:10.1093/cep/byi033 10.1093/cep/byi033 Coates , D. , Humphreys , B.R. , & Zhou , L. ( 2014 ). Reference-dependent preferences, loss aversion, and live game attendance . Economic Inquiry, 52, 959 – 973 . doi:10.1111/ecin.12061 10.1111/ecin.12061 Czarnitski , D. , & Stadmann , G

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Nicholas M. Watanabe, Grace Yan, Brian P. Soebbing, and Wantong Fu

. , & Humphreys , B.R. ( 2007 ). Ticket prices, concessions and attendance at professional sporting events . International Journal of Sport Finance, 2 , 161 – 170 . Coates , D. , Humphreys , B.R. , & Zhou , L. ( 2014 ). Reference-dependent preferences, loss aversion, and live game attendance

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James Du, Heather Kennedy, Jeffrey D. James, and Daniel C. Funk

motivation to pursue excellence emerges throughout various facets of the Exercise Motive Inventory-2 (EMI-2) scale, such as competition, personal development, and goal attainment ( Markland & Ingledew, 1997 ). These competition benefits capture the act of testing an individual’s reference-dependent

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Hojun Sung, Brian M. Mills, and Michael Mondello

week attendance and competitive balance in the National Football League . International Journal of Sport Finance, 5 ( 4 ), 239 . Coates , D. , Humphreys , B.R. , & Zhou , L. ( 2014 ). Reference-dependent preferences, loss aversion, and live game attendance . Economic Inquiry, 52 ( 3

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Adam Karg, Jeremy Nguyen, and Heath McDonald

, B. ( 2012 ). Game attendance and outcome uncertainty in the National Hockey League . Journal of Sports Economics, 13 ( 4 ), 364 – 377 . doi:10.1177/1527002512450260 10.1177/1527002512450260 Coates , D. , Humphreys , B. , & Zhou , L. ( 2014 ). Reference‐dependent preferences, loss