loss aversion
Towards a Purely Behavioral Definition of Loss Aversion
... of loss aversion for deci- sion under ...the aversion to such bets increases with the size of the ...defining loss aversion as a particular kind of risk ...weak loss ...
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Loss aversion, social comparison and physical abilities at younge age
... and loss aver- sion using data from the PGA Tour, which tests for whether professional golfers’ pref- erences show loss ...reflect loss aversion when the reference point is defined by ...risk ...
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Role of Regression to the Mean and Loss Aversion in Brazilian Soccer Club Performance
... sports, loss aversion has been shown to occur in golf tournaments, where professional golfers putt more accurately for par than for a birdie .... Loss aversion is detected if the clubs that ...
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Loss aversion and ruinous optimal wagers in cumulative prospect theory
... that loss aversion has to increase without bound as stake size ...of loss aversion over small stakes and has sensible implications for optimal wagering at all stake ...
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Loss Aversion and Competition in Vickrey Auctions: Money Ain't No Good
... Disappointment Aversion (Bell, 1985; Loomes and Sudgen, 1986; Gul, ...Disappointment aversion makes no such asymmetric prediction as to the rela- tionship between risk attitudes and reference points, ...
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A NEWSVENDOR SUPPLY CHAIN CONTRACT WITH INVENTORY ERROR AND LOSS AVERSION
... a loss-averse-retailer, risk-neutral-manufacturer supply ...of loss aversion with no basis, this study links a higher level of inventory error to a higher degree of risk attitude and, thusa higher ...
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Loss aversion, social comparison and competitive behavior at young age
... the loss aversion hypothesis in existing studies, in- cluding Kahneman and Tversky (1979), is that a loss of one dollar, from the initial reference position of a zero own gain–loss, has a ...
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Economic targets and loss aversion in international environmental cooperation
... exhibit loss-aversion, which is the tendency to strongly prefer avoiding losses to acquiring ...of loss-aversion has been employed to provide insight into various phenomena such as in ...
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The willingness to accept/willingness to pay disparity in repeated markets : loss aversion or 'bad deal' aversion?
... In the model, agents have reference-independent valuations for consumption goods, as in standard consumer theory. In addition, they are assumed to be price sensitive and ‘bad-deal’ averse in their transactions. This ...
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Optimal Excess of Loss Reinsurance and Investment Problem for Insurers with Loss Aversion
... of loss aversion, and put forward the prospect theory, which was a milestone in the history of behavioral ...finance. Loss aversion can be expressed by the S-shaped utility function which is ...
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Reevaluating evidence on myopic loss aversion : aggregate patterns versus individual choices
... Investors who are more willing to accept risks when evaluating their investments less frequently are said to exhibit myopic loss aversion (MLA). Several recent experimental studies found that, on average, ...
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Measuring loss aversion under ambiguity: a method to make prospect theory completely observable
... measure loss aversion under ...substantial loss aversion. Both utility and loss aversion were the same for risk and ambiguity, as assumed by prospect theory, and sign-comonotonic ...
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Hedonic preferences, symmetric loss aversion and the willingness to pay willingness to accept gap
... The results in this paper are relevant for the application of valuation studies in cost-benefit analysis in the presence of the willingness to pay - willingness to accept gap. We consider a consumer who makes choices ...
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Loss Aversion in Sequential Auctions: Endogenous Interdependence, Informational Externalities and the "Afternoon Effect"
... Empirical evidence from sequential auctions shows that prices of identical goods tend to decline between rounds. In this paper, I show how expectations-based reference-dependent preferences and loss ...
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The Effect of Financial Self Efficacy on Myopic Loss Aversion in Financial Decision Making
... Myopic Loss Aversion and Financial Self-Efficacy. Myopic Loss Aversion is a combination of a tendency to overemphasize possible losses compared to gains (Loss Aversion) with a ...
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The Effect of Information Feedback Frequency and Investment Flexibility on Myopic Loss Aversion
... Myopic Loss Aversion and information feedback frequency, to amazingly discover that the magnitude of loss aversion on professional traders was more than that of the college ...
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Loss Aversion Bias Effect on Investment Decisions of Individual Equity Investors - An Empirical Analysis
... Loss aversion refers to the tendency of investors to dislike losses far more than liking to ...of loss is three times more than the pleasure of an equal amount of ...become loss-averse when ...
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Age-related striatal BOLD changes without changes in behavioral loss aversion
... Loss aversion (LA), the idea that negative valuations have a higher psychological impact than positive ones, is considered an important variable in consumer ...
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Age related striatal BOLD changes without changes in behavioral loss aversion
... Loss aversion (LA), the idea that negative valuations have a higher psychological impact than positive ones, is considered an important variable in consumer ...
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How to make loss aversion disappear and reverse : tests of the decision by sampling origin of loss aversion
... 1992). Loss aver- sion is now regarded as a stable individual difference with a specific neural representation (Rick, ...2011). Loss aversion has been used to account for valuation disparities ...
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