Individual-Level Loss Aversion in Riskless andRisky Choices

Loss aversion can occur in riskless and risky choices. Yet, there is no evidence whetherpeople who are loss averse in riskless choices are also loss averse in risky choices. Wemeasure individual-level loss aversion in riskless choices in an endowment effect experimentby eliciting both WTA and WTP from each of our 360 subjects (randomly selected customersof a car manufacturer)...

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Year of publication:	2007-07-01
Authors:	Gächter, Simon ; Johnson, Eric J. ; Herrmann, Andreas
Institutions:	Forschungsinstitut zur Zukunft der Arbeit <Bonn>
Subject:	Aversion \| Entscheidung bei Risiko \| decision

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Extent:	221184 bytes 25 p. application/pdf
Series:	IZA - Forschungsinstitut zur Zukunft der Arbeit - Discussion Papers IZA Discussion Paper ; No. 2961 (2007)
Type of publication:	Book / Working Paper
Language:	English
Classification:	C91 - Laboratory, Individual Behavior ; C93 - Field Experiments ; D81 - Criteria for Decision-Making under Risk and Uncertainty ; Forecast, decision making ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

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