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Loss aversion, audit risk judgments, and auditor liability

Bigus, Jochen - In: European accounting review 24 (2015) 3, pp. 581-606

Persistent link: https://www.econbiz.de/10011409887

Under risk, over time, regarding other people : language and rationality within three dimensions

Jullien, Dorian - 2018

behaviors within three dimensions: under risk, over time and regarding other people. A new perspective on two underlying …

Persistent link: https://www.econbiz.de/10011809698

Human behavior toward risky decision making : a review of experimental studies on risk preferences

Meier, Harald - 2021

Since business activities are generally subject to uncertainties, dealing with risk is essential. Principals are … generally assumed to maximize their expected value and therefore act in a risk-neutral manner by diversifying their portfolio … human behavior toward risky decision making. The review first defines risk-taking behavior and distinguishes between …

Persistent link: https://www.econbiz.de/10013217449

Looming Large or Seeming Small? Attitudes Towards Losses in a Representative Sample

Chapman, Jonathan; Snowberg, Erik; Wang, Stephanie; … - 2022

We measure individual-level loss aversion using three incentivized, representative surveys of the U.S. population (combined N = 3,000). We find that around 50% of the U.S. population is loss tolerant, with many participants accepting negative-expected-value gambles. This is counter to earlier...

Persistent link: https://www.econbiz.de/10014081263

Looming Large or Seeming Small? Attitudes Towards Losses in a Representative Sample

Chapman, Jonathan; Snowberg, Erik; Wang, Stephanie; … - National Bureau of Economic Research - 2022

We measure individual-level loss aversion using three incentivized, representative surveys of the U.S. population (combined N=3,000). We find that around 50% of the U.S. population is loss tolerant, with many participants accepting negative-expected-value gambles. This is counter to earlier...

Persistent link: https://www.econbiz.de/10013334460

Looming large or seeming small? : attitudes towards losses in a representative sample

Chapman, Jonathan; Snowberg, Erik; Wang, Stephanie; … - 2022

Persistent link: https://www.econbiz.de/10013284901

A model of reference-dependent belief updating

Maier, Johannes K.; König, Clemens - 2016

We propose a model of instrumental belief choice under loss aversion. When new information arrives, an agent is prompted to abandon her prior. However, potential posteriors may induce her to take actions that generate a lower utility in some states than actions induced by her prior. These losses...

Persistent link: https://www.econbiz.de/10011557745

A decision frame theory for uncertainty with applications to regret and choice acclimatization

Feige, Christian - 2021

An axiomatization of expected utility under uncertainty is extended in several steps to characterize more complicated decision models. Central to each step is a bijective mapping that, applied to the set of prospects, changes the framing of the decision problem. Static models of subjective...

Persistent link: https://www.econbiz.de/10013220354

Dealing with low-probability shocks : the role of selected heuristics in farmers’ risk management decisions

Duden, Christoph; Mußhoff, Oliver; Offermann, Frank - In: Agricultural economics : the journal of the … 54 (2023) 3, pp. 382-399

Persistent link: https://www.econbiz.de/10014288415

Social risk effects : the "experience of social risk" factor

Diekert, Florian; Goeschl, Timo; König-Kersting, Christian - 2021

Anticipating "social risk", or risk caused by humans, affects decision-making differently from anticipating natural … risk. Drawing upon a large sample of the US population (n=3,982), we show that the phenomenon generalizes to risk … experience. Experiencing adverse outcomes caused by another human reduces future risk-taking, but experiencing the same outcome …

Persistent link: https://www.econbiz.de/10012598407