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Risk taking for oneself and others : a structural model approach

Vieider, Ferdinand M.; Villegas Palacio, Clara; … - 2015

of risk preferences under responsibility. In addition, we also find that responsibility reduces loss aversion according …

Persistent link: https://www.econbiz.de/10010469603

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/10013284901

The curse of hope

Le Lec, Fabrice; Macé, Serge - In: Theory and decision : an international journal for … 84 (2018) 3, pp. 429-451

Persistent link: https://www.econbiz.de/10011942507

Are Retirement Decisions Vulnerable to Framing Effects? Empirical Evidence from NL and the US

Teppa, Federica - 2013

in the RAND American Life Panel on pension premium contributions and pension savings investment profiles. The design of … with the individual risk profile and actual portfolio allocations. The findings suggest that the presence of framing …

Persistent link: https://www.econbiz.de/10013088834

Sharing responsibility with a machine

Kirchkamp, Oliver; Strobel, Christina - 2018

Humans make decisions jointly with others. They share responsibility for the outcome with their interaction partners. Today, more and more often the partner in a decision is not another human but, instead, a machine. Here we ask whether the type of the partner, machine or human, affects our...

Persistent link: https://www.econbiz.de/10011899056

Optimal asset allocation under quadratic loss aversion

Fortin, Ines; Hlouskova, Jaroslava - 2012

Persistent link: https://www.econbiz.de/10009656098

Optimal asset allocation under quadratic loss aversion

Fortin, Ines; Hlouskova, Jaroslava - 2012

two-asset problem of the QLA investor for a risk-free and a risky asset. We find that the optimal QLA investment in the … problem is equivalent to the mean-variance (MV) and conditional value-at-risk (CVaR) problems. Then we solve analytically the … the risk-free rate. Finally, we implement the trading strategy of a QLA investor who reallocates her portfolio on a …

Persistent link: https://www.econbiz.de/10009684025

The equity premium puzzle and emotional asset pricing

Gürtler, Marc; Hartmann, Nora - In: International journal of theoretical and applied finance 10 (2007) 6, pp. 939-965

Persistent link: https://www.econbiz.de/10003630972

Selection in asset markets : the good, the bad, and the unknown

Bottazzi, Giulio; Dindo, Pietro - 2011

in each asset, e.g. because traders maximize an expected Constant Relative Risk Aversion utility with unitary coefficient … dependent fractions, e.g. they are derived from the maximization of expected Constant Relative Risk Aversion utility with non …

Persistent link: https://www.econbiz.de/10009009683

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