Ghossoub, Mario - Volkswirtschaftliche Fakultät, … - 2011
This paper suggests a behavioral, preference-based definition of loss aversion for decision under risk. This definition … bets, and that the aversion to such bets increases with the size of the stake. A natural interpretation of this intuition … leads to defining loss aversion as a particular kind of risk aversion. The notions of weak loss aversion and strong loss …