Maxcy, Joel G.; Wicker, Pamela; Prinz, Joachim - In: Journal of sports economics 20 (2019) 2, pp. 177-197
This study applies prospect theory to an assessment of actual behavior. Loss aversion, reference dependence, and diminishing sensitivity are conceptualized through survey respondents’ perceptions of physical and mental torture during training for and competition in long-distance triathlons....