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Loss aversion
Imai, Taisuke; Schmidt, Klaus M. - 2023 - This version: November 21, 2023
Loss aversion postulates that people prefer avoiding losses over acquiring gains of equal size. It is a central part of prospect theory and, according to Daniel Kahneman, “the most significant contribution of psychology to behavioral economics” (Kahneman, 2011, p. 300). It has powerful...
Persistent link: https://www.econbiz.de/10014487321
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Calculating trading book capital : is risk separation appropriate?
Raupach, Peter - 2015
portfolio, one for market risk and one for credit risk. Similar approaches are common in banks’ internal models for economic … capital. Although it is known that joint market and credit risk of certain investments can be larger than the sum of risks … holdings or CDS portfolios – are also affected. There are realistic conditions under which credit risk (represented by ratings …
Persistent link: https://www.econbiz.de/10011299075
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Student performance and loss aversion
Karle, Heiko; Engelmann, Dirk; Peitz, Martin - 2019 - Version: August 21, 2019
In this paper, we match data on student performance in a multiple-choice exam with data on student risk preferences …
Persistent link: https://www.econbiz.de/10012064831
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Coordination under loss contracts
Ahrens, Steffen; Bitter, Lea; Bosch-Rosa, Ciril - 2020
In this paper we study the effects that loss contracts - prepayments that can be clawbacked later - have on group coordination when there is strategic uncertainty. We compare the choices made by experimental subjects in a minimum effort game. In control sessions, incentives are formulated as a...
Persistent link: https://www.econbiz.de/10012285502
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The impact of uncertainty on customer satisfaction
Back, Camila; Spann, Martin - 2022
Customer satisfaction is an important metric to predict customer behavior and as a result firms' profitability. Expectations of a product's performance serve as a reference point against which customers evaluate their satisfaction with the products' actual performance. However, what is the...
Persistent link: https://www.econbiz.de/10014458881
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Ever since Allais
Dembo, Aluma; Kariv, Shachar; Polisson, Matthew; Quah, … - 2021
Persistent link: https://www.econbiz.de/10012821448
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Portfolioauswahl bei Besteuerung realisierter Kursänderungen
Lorenz, Daniela - 2010
Persistent link: https://www.econbiz.de/10003989037
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Decision making under uncertainty : an experimental study in market settings
Echenique, Federico; Imai, Taisuke; Saito, Kota - 2019
We design and implement a novel experimental test of subjective expected utility theory and its generalizations. Our experiments are implemented in the laboratory with a student population, and pushed out through a large-scale panel to a general sample of the US population. We find that a...
Persistent link: https://www.econbiz.de/10012126236
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Age-dependent risk aversion : re-evaluating fiscal policy impacts of population aging
Phitawat Poonpolkul - 2023
Persistent link: https://www.econbiz.de/10014320211
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Which beliefs? behavior-predictive beliefs are inconsistent with information-based beliefs§devidence from COVID-19
Heffetz, Ori; Ishai, Guy - 2023 - This version: October 26, 2021
Persistent link: https://www.econbiz.de/10014302346