What is loss aversion?
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Publication:813047
DOI10.1007/s11166-005-6564-6zbMath1123.91342OpenAlexW2038907256WikidataQ58318749 ScholiaQ58318749MaRDI QIDQ813047
Publication date: 30 January 2006
Published in: Journal of Risk and Uncertainty (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1007/s11166-005-6564-6
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Related Items (21)
Individual-level loss aversion in riskless and risky choices ⋮ Risk aversion for losses and the Nash bargaining solution ⋮ Financial market equilibria with heterogeneous agents: CAPM and market segmentation ⋮ Static portfolio choice under cumulative prospect theory ⋮ Loss aversion ⋮ Long-term dynamic asset allocation under asymmetric risk preferences ⋮ A behavioral definition of loss aversion ⋮ Separating curvature and elevation: a parametric probability weighting function ⋮ Detecting heterogeneous risk attitudes with mixed gambles ⋮ Estimating cumulative prospect theory parameters from an international survey ⋮ Why does myopia decrease the willingness to invest? Is it myopic loss aversion or myopic loss probability aversion? ⋮ Joint inventory, pricing, and advertising decisions with surplus and stockout loss aversions ⋮ Risk behavior for gain, loss, and mixed prospects ⋮ Reining in excessive risk-taking by executives: the effect of accountability ⋮ On probabilities and loss aversion ⋮ Loss aversion and perceptual risk aversion ⋮ The behavioural components of risk aversion ⋮ Fearing the worst: the importance of uncertainty for inequality ⋮ The ratio bias phenomenon: fact or artifact? ⋮ The expo-power value function as a candidate for the work-horse specification in parametric versions of cumulative prospect theory ⋮ Loss averse behavior
Cites Work
- Risk aversion in the theory of expected utility with rank dependent probabilities
- Advances in prospect theory: cumulative representation of uncertainty
- An axiomatization of cumulative prospect theory
- Risk seeking with diminishing marginal utility in a non-expected utility model
- Comparative risk sensitivity with reference-dependent preferences
- Four notions of mean-preserving increase in risk, risk attitudes and applications to the rank-dependent expected utility model
- An index of loss aversion
- Characterization of symmetrical monotone risk aversion in the RDEU model.
- An experimental test of loss aversion
- More pessimism than greediness: a characterization of monotone risk aversion in the rank-dependent expected utility model
- Prospect Theory and Asset Prices
- Parameter-Free Elicitation of Utility and Probability Weighting Functions
- Choice-Based Elicitation and Decomposition of Decision Weights for Gains and Losses Under Uncertainty
- Prospect Theory: An Analysis of Decision under Risk
- The Probability Weighting Function
- Myopic Loss Aversion and the Equity Premium Puzzle
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