Loss Aversion in the Laboratory

We report the results of a laboratory experiment testing for the existence of loss aversion in a standard risk aversion protocol (Holt and Laury, 2002). In our experiment, participants earn and retain money for a week before using it in an incentivized risk preference elicitation task. We find loss aversion, distinct from risk aversion, has a significant effect on behavior resulting in participants requiring higher compensation to bear risk

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Year of publication:	2014
Authors:	Morrison, William G.
Other Persons:	Oxoby, Robert J. (contributor)
Publisher:	[2014]: [S.l.] : SSRN
Subject:	Experiment \| Risikoaversion \| Risk aversion \| Verlust \| Loss \| Prospect Theory \| Prospect theory

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Extent:	1 Online-Ressource (13 p)
Series:	IZA Discussion Paper ; No. 8309
Type of publication:	Book / Working Paper
Language:	English
Other identifiers:	10.2139/ssrn.2468465 [DOI]
Classification:	C91 - Laboratory, Individual Behavior ; D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013050634