Risk and Loss Aversion
Predictive powers of tests of risk and loss Aversion in a principal-agent context: an Experiment
... of risk-aversion or of loss-aversion better predicts the behavior of an agent in principal-agent ...of loss- aversion, and avoid the problems of “hypothetical choice bias” and ...
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Enhanced Risk Aversion, But Not Loss Aversion, in Unmedicated Pathological Anxiety.
... by risk or loss ...of loss-only trials to assess whether risk aversion in the gain and loss domains differ between ...on risk/loss aversion remains possible ...
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Conditional Value-at-Risk Constraint and Loss Aversion Utility Functions
... Keywords. Risk measures, Utility functions, Nonexpected utility theory, Maxmin, Conditional Value-at-Risk, Loss ...Taking risk into account in decision problems in a mathematical formal way is ...
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Loss Aversion in Cocaine Users: Influence of Risk and Commodity Type
... experimenter-designed risk-taking task in which participants chose between a non-risky, low payoff and risky, high payoff ...on loss aversion would extend to individuals with substance use ...
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Investors Facing Risk: Loss Aversion and Wealth Allocation Between Risky and Risk-Free Assets
... the risk-free investment. In other words, even when the coefficient of loss aversion remains constant over trading dates, financial wealth fluctuations determined by the success of previous decisions ...
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Myopic Loss Aversion Revisited: The Effect of Probability Distortions in Choice Under Risk
... under risk with that of non-linear probability ...myopic loss aversion cannot fully explain the experimental ...of loss aversion of a modal subject across treatments with high and low ...
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Manipulating individuals' risk-taking with financial incentives: a myopic loss aversion experiment
... and through that increase overconfidence. From the abovementioned rationale we can assume that market experience may reduce overconfidence due to more reference factors of gains and losses but may also increase it if ...
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Pengaruh Risk Perception, Risk Tolerance, Overconfidence Dan Loss Aversion Terhadap Pengambilan Keputusan Investasi
... Khan, M. Z. U. 2015. Impact of Availability bias and loss aversion bias on investment decision making, moderating role of risk perception. Journal of Research in Business Management, 1(2). Kumar, ...
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Heterogeneous risk/loss aversion in complete information all-pay auctions
... higher risk aversion of women and girls can simultaneously lead them to avoid participating in all-pay auction type incentives while bid- ding higher and having a higher probability of winning than men and ...
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Downside Loss Aversion and Portfolio Management
... risk. Under each scenario, we compute the optimal M-V and M-LPM portfolios, and study their differences. We also determine the optimal M-V portfolio sub- ject to its LPM being below a given level. This corresponds ...
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Loss aversion on the phone
... to risk aversion. Loss aversion coexists with uncertainty in our ...of risk aversion may still be a factor that could drive the results in a different way: risk-averse ...
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Performance measurement with loss aversion
... only risk and return but also reflects differential aversion to upside and downside ...reflect risk-aversion for gains and risk-seeking for ...the loss-aversion- ...
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Myopic loss aversion revisited
... JEL Classification codes: D81, C91, D14 * We are grateful to Uri Gneezy, Jan Potters, Michael Haigh, John List, Thomas Langer and Martin Weber who generously provided their experimental data. We also thank participants ...
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How to make loss aversion disappear and reverse : tests of the decision by sampling origin of loss aversion
... of risk and uncertainty (Kahne- man & Tversky, 1979; Tversky & Kahneman, ...1992). Loss aver- sion is now regarded as a stable individual difference with a specific neural representation (Rick, ...2011). ...
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Heterogeneity of Loss Aversion in Pathological Gambling
... Although PG is classified into the same category as substance-use addictions in DSM-5, it has a specific behavior and a different diagnostic criterion from substance-use addictions called ‘‘chasing’’. Chasing is ...
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Incentive design under loss aversion
... of loss aversion does not require first-order risk aversion, but it is natural to assume a kink at the reference income with the utility function steeper immediately below this ...first-order ...
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The impact of consumer loss aversion on pricing
... Bils 1987) so for industries in which demand is relatively stable over the business cycle, they in fact predict procyclical markups. In contrast, our model predicts countercyclical markups independent of whether the ...
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The Kalai-Smorodinsky Solution with Loss Aversion
... – risk attitudes tend to play a pervasive role on how agents ...of risk attitudes, and in particular risk aversion, on the outcomes players finally agree on according to certain bargain- ing ...
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The Psychological and Neural Basis of Loss Aversion
... to loss aversion and identifies a distinct role for dopamine in risk taking for ...that loss aversion specifically relates to anticipated emotions and aspects of the immediate ...
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Risk aversion, prudence and temperance: an experiment in gain and loss
... (iii) but their degree of temperance is hard to explain: only some religions and parents’ jobs have an impact on temperate choices. To conclude this Section 5.2 two remarks can be made. First, note that our Pseudo R 2 of ...
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