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Results 1 - 10
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1,083
Myopic loss aversion and the equity premium puzzle
- QUARTERLY JOURNAL OF ECONOMICS
, 1995
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An Index Of Loss Aversion
- Journal of Economic Theory
, 2000
"... Under prospect theory, three components influence the risk attitude of a decision maker: the utility function, the probability weighting function, and loss aversion. Loss aversion reflects the observed behavior of decision makers' being more sensitive to losses than to gains, resulting in a uti ..."
Abstract
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Cited by 68 (2 self)
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Under prospect theory, three components influence the risk attitude of a decision maker: the utility function, the probability weighting function, and loss aversion. Loss aversion reflects the observed behavior of decision makers' being more sensitive to losses than to gains, resulting in a
Loss aversion and the Tullock paradox
- University of Nottingham
"... LOSS AVERSION AND THE TULLOCK PARADOX by Richard Cornes and Roger Hartley ..."
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Cited by 1 (1 self)
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LOSS AVERSION AND THE TULLOCK PARADOX by Richard Cornes and Roger Hartley
Loss aversion in riskless choice. A reference-dependent model
- QUARTERLY JOURNAL OF ECONOMICS
, 1991
"... ..."
What is Loss Aversion?” The
- Journal of Risk and Uncertainty
"... Abstract. A behavioral definition of loss aversion is proposed and its impli-cations for original and cumulative prospect theory is analyzed. Original prospect theory is in agreement with the new loss aversion condition, and there utility is capturing all effects of loss aversion. In cumulative pros ..."
Abstract
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Cited by 33 (4 self)
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Abstract. A behavioral definition of loss aversion is proposed and its impli-cations for original and cumulative prospect theory is analyzed. Original prospect theory is in agreement with the new loss aversion condition, and there utility is capturing all effects of loss aversion. In cumulative
Loss aversion equilibrium
- International Journal of Game Theory
"... The Nash equilibrium solution concept for 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 behav ..."
Abstract
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Cited by 45 (0 self)
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of behavior than expected utility. In particular, loss aversion is an important element of such utility functions. We extend games to include loss aversion characteristics of the players. We define two types of loss-aversion equilibrium, a solution concept endogenizing reference points. The two types reflect
Myopic loss aversion revisited
- Economics Letters
, 2009
"... 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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Cited by 1 (0 self)
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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.
On loss aversion in bimatrix games
"... ABSTRACT. In this article three different types of loss aversion equilibria in bimatrix games are studied. Loss aversion equilibria are Nash equilibria of games where players are loss averse and where the reference points-points below which they consider payoffs to be lossesare endogenous to the eq ..."
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ABSTRACT. In this article three different types of loss aversion equilibria in bimatrix games are studied. Loss aversion equilibria are Nash equilibria of games where players are loss averse and where the reference points-points below which they consider payoffs to be lossesare endogenous
Anomalies: the endowment effect, loss aversion, and status quo bias’,
- The Journal of Economic Perspectives,
, 1991
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Loss Aversion and Seller Behavior: Evidence from the Housing Market,” Wharton School,
, 2000
"... Data from downtown Boston in the 1990s show that loss aversion determines seller behavior in the housing market. Condominium owners subject to nominal losses 1) set higher asking prices of 25-35 percent of the difference between the property's expected selling price and their original purchase ..."
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Cited by 372 (5 self)
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Data from downtown Boston in the 1990s show that loss aversion determines seller behavior in the housing market. Condominium owners subject to nominal losses 1) set higher asking prices of 25-35 percent of the difference between the property's expected selling price and their original
Results 1 - 10
of
1,083
