Showing 91 - 100 of 68,760
This paper presents a new two-parameter probability weighting function for Tversky and Kahneman (1992) cumulative prospect theory as well as its special cases — Quiggin (1981) rank-dependent utility and Yaari (1987) dual model. The proposed probability weighting function can be inverse...
Persistent link: https://www.econbiz.de/10013060674
An experiment was conducted to explore whether loss aversion is altered when individuals are placed under a higher … level of cognitive load. The coefficients of monetary loss aversion were measured for 30 participants under low and high … loss aversion, as measured by choice, is altered when individuals are placed under a higher level of cognitive load …
Persistent link: https://www.econbiz.de/10013062118
are more loss averse than men …
Persistent link: https://www.econbiz.de/10013062850
On-farm innovations have the potential to increase both agricultural productivity and income while mitigating environmental impacts. However, as adopting innovations can lead to risks, it is important to understand the role of farmers' risk attitudes. We quantified Dutch arable farmers' risk...
Persistent link: https://www.econbiz.de/10014500732
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 … participants are loss averse. Consistent with the difference between our study and the prior literature, loss aversion is more …
Persistent link: https://www.econbiz.de/10013284901
-dependent preference model that formalizes relative concerns via social loss aversion. Additionally, we relate our findings to the impact …
Persistent link: https://www.econbiz.de/10010211343
Persistent link: https://www.econbiz.de/10009656098
reference point for future consumption. The model incorporates the combination of loss aversion and anticipatory utility as …) and Kreps and Porteus (1978) can be reinterpreted in terms of optimal anticipation and loss aversion. Finally, I describe …
Persistent link: https://www.econbiz.de/10009755861
Building on Prospect Theory, we apply the concept of loss aversion to the formation of inflation perceptions and test … the assumption of loss aversion, inflation changes above a certain reference rate will be perceived more strongly …. Rejecting rationality of inflation perceptions in general under symmetric loss and in a majority of cases under flexible loss …
Persistent link: https://www.econbiz.de/10010425854
external validity of experiments with hard closure. prospect-theory ; endowment effect ; reference-dependence ; loss aversion …
Persistent link: https://www.econbiz.de/10009559236