Moreover, the model parameters of risk and loss aversion that lead to the best empirical fit have values similar to those estimated for other decision domains.doi:10.13140/RG.2.1.2679.1921Soetevent, Adriaan RBruzikas, TadasTinbergen Institute...
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...
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...
We also find that competitive and status-seeking people are less risk-averse than people who are less competitive and status-seeking, and that status-seeking people are less loss-averse than people who are not as status-seeking. 展开
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 presentbias. To this end, we conduct a large-scale demographically representative survey across eight European countries. We elicit preferences using incentivized multipl...
Ambiguityaversion increased for those who lost their residence or had property damage, and loss aversionincreased for those who lost a friend or neighbor. Risk preferences of individual citizens indisasters are affected in important and intricate ways, and these alterations may influencechoices such as...
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 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...
Investor psychologyplays a significant role in risk-taking and investment decisions. Individual investors' perception of risk, personal experiences, cognitive biases, and emotional reactions can influence their investment choices. For instance,behavioral economicsidentifies loss aversion, a cognitive bias where...