Loss aversion and perceptual risk aversion

DOI10.1016/J.JMP.2006.03.001MaRDI QIDQ2497772zbMATH OpenOpenAlexFDO

Authors Mario Alessandro Maggi

Publication date 4 August 2006

Published in Journal of Mathematical Psychology (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jmp.2006.03.001

zbMATH Keywords

cumulative prospect theoryloss aversionpower S-shaped value functionreference dependence utility

Mathematics Subject Classification ID

Decision theory (91B06) Individual preferences (91B08) Utility theory (91B16)

Recommendations

• The behavioural components of risk aversion
• A preference foundation for constant loss aversion
• What is loss aversion?
• Comparative risk sensitivity with reference-dependent preferences
• On probabilities and loss aversion

Cites work

• Advances in prospect theory: cumulative representation of uncertainty
• Amos Tversky and the ascent of behavioral economics
• An index of loss aversion
• Comparative risk sensitivity with reference-dependent preferences
• Measuring the utility of losses by means of the tradeoff method
• Myopic Loss Aversion and the Equity Premium Puzzle
• Prospect Theory: An Analysis of Decision under Risk
• Reference dependence in cumulative prospect theory.
• Stochastic dominance and prospect dominance with subjective weighting functions
• The Probability Weighting Function
• What is loss aversion?

Cited in

(15)

• On probabilities and loss aversion
• A preference foundation for constant loss aversion
• The behavioural components of risk aversion
• Hedonic Utility, Loss Aversion and Moral Hazard
• Risk-induced discounting
• Loss aversion
• A behavioral definition of loss aversion
• Degeneracy resolution for bilinear utility functions
• Loss aversion equilibrium
• On loss aversion, level-1 reasoning, and betting
• A note on the utility function under prospect theory
• Aversion to risk of regret and preference for positively skewed risks
• Comparative risk sensitivity with reference-dependent preferences
• What is loss aversion?
• Loss aversion and the price of risk

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