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Loss aversion is one of the most widely used concepts in behavioral economics. We conduct a large …-scale interdisciplinary meta-analysis, to systematically accumulate knowledge from numerous empirical estimates of the loss aversion … coefficient reported during the past couple of decades. We examine 607 empirical estimates of loss aversion from 150 articles in …
Persistent link: https://www.econbiz.de/10012500394
Loss aversion postulates that people prefer avoiding losses over acquiring gains of equal size. It is a central part of … economics. However, because the reference point is often not well defined and loss aversion interacts with other behavioral …
Persistent link: https://www.econbiz.de/10014487321
schools. To explain the observed data, we introduce expectationbased loss aversion into a school-choice setting and … are more loss averse or less overconfident than their peers, and amplifies already existing (or perceived) discrimination …
Persistent link: https://www.econbiz.de/10012138798
that are extracted from a classroom experiment. We find that more-loss-averse students leave more questions unanswered and … evidence that loss aversion parameters extracted from lottery choices in a controlled experiment have predictive power in a … field environment of decision making under uncertainty. Furthermore, the degree of loss aversion appears to be persistent …
Persistent link: https://www.econbiz.de/10012064831
Using German panel data, we assess the causal effect of job loss, and thus of an extensive income shock, on risk … perceives the threat of job loss and is of a transitory nature. The change in stated risk attitude matches observable job …
Persistent link: https://www.econbiz.de/10011405097
Evidence suggests that people evaluate outcomes relative to expectations. I analyze this expectation-based loss … loss aversion offers a novel explanation for empirically observed differences between these auction formats. …
Persistent link: https://www.econbiz.de/10011762533
Evidence suggests that people evaluate outcomes relative to expectations. I analyze this expectation-based loss … loss aversion offers a novel explanation for empirically observed differences between these auction formats. …
Persistent link: https://www.econbiz.de/10011959283
We show that it is beneficial for a buyer to conduct a multi-stage mechanism if bidders are loss averse. In a first …
Persistent link: https://www.econbiz.de/10012146346
dynamic model in which a loss-neutral firm bargains with loss-averse workers over organizational change and wages. We show …
Persistent link: https://www.econbiz.de/10014495909
In this paper we study the effects that loss contracts - prepayments that can be clawbacked later - have on group … an isomorphic loss contract. Our results show that loss contracts reduce the minimum efforts of groups and worsen …
Persistent link: https://www.econbiz.de/10012285502