Individual-level loss aversion in riskless and risky choices

DOI10.1007/S11238-021-09839-8MaRDI QIDQ2125253zbMATH OpenOpenAlexFDO

Authors S. Gächter, Eric J. Johnson, Andreas Herrmann

Publication date 13 April 2022

Published in Theory and Decision (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.1007/s11238-021-09839-8

zbMATH Keywords

endowment effectlab-in-the-field experimentsloss aversionreference-dependent preferences

Mathematics Subject Classification ID

Experimental work for problems pertaining to game theory, economics, and finance (91-05) Decision theory (91B06)

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Cites work

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• Third-generation prospect theory
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Cited in

(21)

• Decision making for others: the case of loss aversion
• An experimental test of loss aversion
• Decisions under uncertainty in social contexts
• Incomplete risk attitudes and random choice behavior: an elicitation mechanism
• Aversion to risk of regret and preference for positively skewed risks
• Loss aversion in taste-based employee discrimination: evidence from a choice experiment
• On loss aversion, level-1 reasoning, and betting
• Gain versus loss contracts: does contract framing affect agents' reciprocity?
• Individual vs. couple behavior: an experimental investigation of risk preferences
• Influence modeling: mathematical programming representations of persuasion under either risk or uncertainty
• Risk preferences and development revisited
• Injurers versus victims: (a)symmetric reactions to symmetric risks
• Loss aversion and seller behavior: Evidence from the housing market
• Loss aversion and the price of risk
• A behavioral definition of loss aversion
• Peace in an unequal world? Experimental evidence on the relationship between inequality and conflict in a guns-vs-butter setting
• Contract breach with overconfident expectations: experimental evidence on reference-dependent preferences
• Caution and reference effects
• A dynamic theory of random price discounts
• Loss averse behavior
• Strive to be first or avoid being last: an experiment on relative performance incentives

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