Pahlke, Julius; Strasser, Sebastian; Vieider, Ferdinand M. - 2011
responsible for somebody else's payoffs increases risk aversion. This is however not attributable to a "cautious shift" as often … offering very small or very large probabilities of winning. For large probabilities, we find increased risk aversion, thus … which it reduces loss aversion. This indicates that loss aversion is of a fundamentally different nature than probability …