Data for Allen, Dechow, Pope, and Wu (2017)

“Reference-Dependent Preferences: Evidence from Marathon
Runners”, Management Science

Please email wu@chicagobooth.edu if you have any problems.

Full sample (n = 9,789,093) data files. A full list of marathons is found here. Description of variable found below.

• Stata (2.69 gigabytes)
• CSV (1.15 gigabytes)

Full-split sample (n = 873,674) data files:

• Stata (240.3 megabytes)
• CSV (119.8 megabytes)

Marathon experience sample (n = 1,618,428) data files

• Stata (296.7 megabytes)
• CSV (141.4 megabytes)

Variables

• age: age of marathoner
• gender: gender of marathoner ("F" or "M")
• female: 1 if GENDER="F"
• split_10k: 10 kilometer split in minutes
• split_half: half marathon split in minutes
• split_30k: 30k split in minutes
• split_40k: 40k split in minutes
• chiptime: chip time in minutes
• clocktime: clock time in minutes
• marathon: name of marathon
• year: year of marathon
• marathon2: marathon name appended with year (a "marathon-year")
• finishers: number of finishers for the marathon-year
• meantime: mean chip time for the respective marathon-year
• country: country marathon held
• us: 1 if marathon held in United States
• canada: 1 if marathon held in Canada
• europe: 1 if marathon held in Europe
• other: 1 if marathon not held in US, Canada, or Europe
• age_gender: 1 if non-missing age and gender

Stata scripts

• Excess mass (bootstrap_excessmass.do): Adapts Chetty et al (2011) procedure to determine excess mass percentage and t-statistics (using bootstrapping); also requires see_boot2.do
• Effort at end of race (effort provision at end of race.do): Provides basic analysis for Figures 7 to 9 of manuscript on effort provision at end of race as function of pace
• Calibration routine (calibration routine (prospect theory) (MS version).do): Calibration Script to produce Figures A.8 in A.12 in Online Appendix
  • To reproduce Figure A.8: "calibration 2.25 .88 5 100 2000"
• Calibration routine to create isocurves (calibration (create iso-curves) (MS paper).do): Calibration Script to produce Figures A.13 in Online Appendix
  • To reproduce Figure A.13: "calibration_iso 1 1"
• Calibration routine to create best fits(calibration_fit_3_or_4_hours_225.do): Calibration Script to produce Figures A.14 in Online Appendix
  • To reproduce Figure A.14 (3 hours): "fit_params 3 1"
  • To reproduce Figure A.14 (4 hours): "fit_params 4 1"
• Calibration routine (calibration routine (jump prospect theory) (MS version).do): Calibration Script to produce Figures A.15 in Online Appendix
  • To reproduce Figure A.8: "calibration_jumps 1.19 .88 5 100 1500"
• Routine for comparing actual excesss mass (from calibration exercise) with Chetty et al. estimates (chetty loop kink.do): Calibration Script to compare actual excess mass with Chetty el al estimates (assume continuity at the reference point)
• Routine for comparing actual excesss mass (from calibration exercise) with Chetty et al. estimates (chetty loop jump.do): Calibration Script to compare actual excess mass with Chetty el al estimates (assume jump at the reference point)