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Short run reference points and long run performance. (No) Evidence from running data

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  • Soetevent, Adriaan R.

Abstract

What motivates runners to bunch at round finishing times? Is it merely the immediate gratification that round time finishing brings, or do athletes set single-stage round time subgoals to help them attain multiple-stage end goals related to their future performance? To examine this question, I construct a new panel data set that covers all finishing times of 7000 major running events of different distances organized in the Netherlands between 1996–2016.

Suggested Citation

  • Soetevent, Adriaan R., 2022. "Short run reference points and long run performance. (No) Evidence from running data," Journal of Economic Psychology, Elsevier, vol. 89(C).
    • Handle: RePEc:eee:joepsy:v:89:y:2022:i:c:s016748702100101x
    DOI: 10.1016/j.joep.2021.102471
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    Cited by:

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    3. Matthew Cedergren & Valerie Li, 2024. "Round number reference points and irregular patterns in reported gross margins," Review of Accounting Studies, Springer, vol. 29(4), pages 3293-3327, December.

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    More about this item

    Keywords

    Goal setting; Bunching; Reference points; Running;
    All these keywords.

    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • Z20 - Other Special Topics - - Sports Economics - - - General

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