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 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: 71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, ...
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...
This paper studies the impact of loss aversion on decisions regarding the allocation of wealth between risky and risk-free assets. We use a Value-at-Risk portfolio model with endogenous desired risk levels that are individually determined in an extended prospect theory framework. This framework allow...
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 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) ...
The typical short-term reaction to bad news is increased loss aversion. Investors who get aggregated feedback receive such news much less often and are likely to be less risk averse and to end up richer. 损失厌恶和窄框架的结合是一个代价高昂的诅咒。个人投资者可以通过减少检查其投资表现的频率来...
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...