Revise the Belief in Loss Aversion
نویسندگان
چکیده
منابع مشابه
Loss aversion and perceptionally risk aversion
This paper analyzes, for S-shaped value functions, the relations between loss aversion and perceptionally risk aversion (i.e. computed with the perceived probability weights) in Cumulative Prospect Theory . We show that perceptionally risk aversion for mixed sign lotteries is equivalent to weak (or strong) loss aversion, so this is the right assumption to get a sensible behavior towards risk. T...
متن کاملThe Boundaries of Loss Aversion
Vol. XLII (May 2005), 119–128 119 *Nathan Novemsky is Assistant Professor of Marketing, School of Management, Yale University (e-mail: [email protected]). Daniel Kahneman is Eugene Higgins Professor of Psychology, Psychology Department, Woodrow Wilson School, Princeton University (e-mail: [email protected]). The authors thank On Amir, Dan Ariely, Ravi Dhar, Shane Frederick, Joel Hub...
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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...
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The Nash equilibrium solution concept for strategic form games is based on the assumption of expected utility maximization. Reference dependent utility functions (in which utility is determined not only by an outcome, but also by the relationship of the outcome to a reference point) are a better predictor of behavior than expected utility. In a repeated situation, the value of the previous payo...
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In this paper we reexamine several experimental papers on myopic loss aversion by analyzing individual rather than aggregate choice patterns. We find that the behavior of the majority of subjects is inconsistent with the hypothesis of myopic loss aversion.
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ژورنال
عنوان ژورنال: Frontiers in Psychology
سال: 2019
ISSN: 1664-1078
DOI: 10.3389/fpsyg.2019.02723