risk aversioncombinatorial auctions•We extend model of a core-selecting auction to risk-averse and loss-averse bidders.•We derive bounds on equilibrium bidding strategies when bidders are risk-averse.•We derive equilibrium bidding strategies when bidders are loss-averse.•We compare the ...
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...
This effect is distinct from parametric decision models based on prospect theory [7] that operationalize concepts like risk and loss aversion [8, 9, 10, 11]. One important modulator of appetitive Pavlovian influences is dopamine. We found that boosting dopamine levels with levodopa (L-DOPA) ...
Overall, it is possible and prudent to manageinvestment risksby understanding the basics of risk and how it is measured. Learning the risks that can apply to different scenarios and some of the ways to manage them holistically will help all types of investors and business managers to avoid unne...
Individual investors' perception of risk, personal experiences, cognitive biases, and emotional reactions can influence their investment choices. For instance, behavioral economics identifies loss aversion, a cognitive bias where people are more sensitive to potential losses than gains, which can make ...
摘要：This paper empirically analyzes how individual characteristics are associated with risk aversion, loss aversion, time discounting, and present bias. To this end, we conduct a large-scale demographically representative survey across eight European countries. We elicit preferences using incentivized ...
摘要:This paper empirically analyzes how individual characteristics are associated with risk aversion, loss aversion, time discounting, and present bias. To this end, we conduct a large-scale demographically representative survey across eight European countries. We elicit preferences using incentivized multi...
摘要:This paper empirically analyzes how individual characteristics are associated with risk aversion, loss aversion, time discounting, and present bias. To this end, we conduct a large-scale demographically representative survey across eight European countries. We elicit preferences using incentivized multi...
This study explores whether prior perceived losses affect investment objectives via loss aversion as a mediator and whether the indirect effect is moderated by risk tolerance in a moderated-mediation model. Using retail investors who witnessed a market crash in Bangladesh and experienced losses, the mo...
Ehm C, Weber M (2013) When risk and return are not enough: The role of loss aversion in private investors' choice of mutual fund fee structures. Tech. rep., University of Mannheim, available at https://ub-madoc.bib.uni-mannheim.de/34213/1/SSRN-id2252646.pdf...