Loss Aversion: Will It Be Greater than the Gain?

Money, well-being, and loss aversion: does an income loss have a greater effect on well-being than an equivalent income gain?

Higher income is associated with greater well-being, but do income gains and losses affect well-being differently? Loss aversion, whereby losses loom larger than gains, is typically examined in relation to decisions about anticipated outcomes. Here, using subjective-well-being data from Germany (N = 28,723) and the United Kingdom (N = 20,570), we found that losses in income have a larger effect...

Losses loom larger than gains in the brain : Neural loss aversion predicts behavioral loss aversion

One of the most robust phenomena in behavioral studies of decision making is loss aversion, the tendency for people to exhibit greater sensitivity to losses than to equivalent sized gains. We measured brain activity while individuals decided whether to accept or reject gambles without feedback. This design isolated activity reflecting decisions without contamination by the anticipation or exper...

Similarities between Greater Risk Aversion and Greater Downside Risk Aversion

This paper characterizes downside risk aversion in a simple and intuitive manner. The characterization highlights certain features of downside risk aversion that are common with traditional risk aversion in regards the comparative statics of risk-free wealth. Also, using this characterization one can simplify considerably a theorem by Jindapon (2010) relating to greater downside risk aversion a...

Will C + + be faster than Fortran ? Todd

After years of being dismissed as too slow for scientiic computing , C++ has caught up with Fortran and appears ready to give it stii competition. We survey the reasons for the historically poor performance of C++ (pairwise expression evaluation, the abstraction penalty, aliasing ambiguities) and explain how these problems have been resolved. C++ can be faster than Fortran for some applications...

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