However, several studies also call into question the practical effect or even the existence of loss aversion. Nonetheless, it may be possible that overwhelming fear can cause investors to behave irrationally and make poor investment decisions. Loss psychology may even be the cause of the ...
A definition of uncertainty or ambiguity aversion is proposed. It is argued that the definition is well-suited to modelling within the Savage (as opposed t... LG Epstein - 《Review of Economic Studies》 被引量: 1021发表: 1999年 An Experimental Test of Several Generalized Utility Theories There...
Gal, D., & Rucker, D. D. (2018). The loss of loss aversion: Will it loom larger than its gain?.Journal of Consumer Psychology, 28(3), 497-516. Kahneman, D., & Tversky, A. (1979). Prospect theory: An analysis of decision under risk.Econometrica, 47, 263-291. ...
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gained $50 more and lost $50. While in both cases the gain would be $50, the initial gain would seem pleasing, instead of the scenario when you lose $50 out of $100. If you were to look into the loss aversion or aversion definition, it’s more about preferences rather than rational...
I agree. Why? Because loss aversion skews our perceptions of the expected value of such a bet. Because losses hurt more than equivalent gains are appealing, the bet doesn’t seem like it’s 50/50. It feels more like 30/70 in favor of a terrible outcome. ...
myopic loss aversion or following the with-larger-difference dimension? A heuristic model of risky decision making for both single and aggregated plays: p0896Lei ZhaoJunhui YeChengming JiangFengpei Hu
Or putting it even shorter: we simply hate losing. And that creates loss aversion. Sciencedescribes the experimentthat shows just how strongly a human behaviour will change if the feeling of loss is introduced (you can also read more about it in Dean Buonamano’s book,Brain Bugs: How the ...
Sunk cost investment problem cost that already been incurred and effect investing decision psychology or money loss aversion concept.flat vector illustration.,站酷海洛,一站式正版视觉内容平台,站酷旗下品牌.授权内容包含正版商业图片、艺术插画、矢量、视频、
For example, there is evidence that temporal discounting also depends on the tendency to avoid risks, often referred to as risk aversion (32, 40, 52, 73). Lopez-Guzman et al. (40) could for instance show that by inferring the individual's risk attitude on an independent ...