loss aversion 是指人们在面对损失的时候是risk seeking的，在面对收益的时候反而是risk averse，具体表现...
Management Risk aversion or loss aversion? Stock-based incentives and CEO risk taking| The effects of managerial competence and severance agreements THE UNIVERSITY OF MEMPHIS Peter Wright MaRongMuch of the research on managerial risk taking is grounded in one of the two leading theoretical ...
Risk aversion, however, is completely rational since both losses and gains at any level of risk-taking would be viewed symmetrically. It is the asymmetry of loss aversion where losses loom larger than gains—at any level of risk tolerance—that is irrational and problematic. Sponsored Trade on...
loss aversionChinaThis study examines the effects of farmers' risk aversion and loss aversion on their climate change adaptation strategies. Farmers' risk aversion and loss aversion were elicited using incentive-compatible risk experiments. Face-to-face interviews were conducted to collect information on...
Journal of Risk and Uncertainty... V Halamish,N Liberman,ET Higgins,... - 《Journal of Economic Psychology》 被引量: 70发表: 2008年 Family ownership and R&D intensity in small and medium-sized firms and firm equity reduces the family's loss aversion propensity. In such a situation, ...
Moreover, the risk of a partial or a total loss of the amount invested is significant. Turning to the Prospect theory, we wonder whether a participation in this market could also be the consequence of specific behaviors in terms of loss aversion. Finally, most of the projects to be funded...
Loss aversion is a concept of social psychology as much as economics. It is not the reality of loss that matters but the perception. Nations have gone to war until their doom because of loss aversion. It simply means you refuse to admit you made a mistake. Social Psychology Fourth Edition...
内容提示: ORIGINAL PAPERRisk, Loss, and Ambiguity Aversionafter a Natural DisasterRobert Shupp 1 & Scott Loveridge 1 & Mark Skidmore 1 &Jungmin Lim 1 & Cynthia Rogers 2Received: 3 February 2017 /Accepted: 27 June 2017 /Published online: 10 July 2017# Springer International Publishing AG 2017...
The implications of loss aversion on the certainty equivalents and risk premiums were also analyzed. Two case studies of exponential utility and normal demand were con- sidered. A new elegant form of the optimal order quantity is established. The results show that when exponential loss aversion ...
This paper derives a simple theoretical relationship between the degree of loss aversion, the concavity/convexity of the value function, and the equilibrium market price of risk. We show that while the degree of loss aversion is key in determining the market price of risk, the convexity/concavity...