(2016) `The impact of culture on loss aversion', Journal of Behavioral Decision Making, (to appear).Wang, M., Rieger, M. O., & Hens, T. (2017). The Impact of Culture on Loss Aversion. Journal of Behavioral Decision Making, 30(2), 270-281. https://doi.org/10.1002/bdm.1941. ...
Losses were found to improve cognitive performance, and this has been commonly explained by increased weighting of losses compared to gains (i.e., loss aversion). We examine whether effects of losses on performance could be modulated by two alternative processes: an attentional effect leading to ...
We study the implications of loss aversion for trade policy determination and show how it allows us to explain a number of important and puzzling features of trade policy. In particular, we show that if individual preferences exhibit loss aversion and the coefficient of loss aversion is large eno...
怪诞行为学 第二周 第六课 Loss Aversion and The Endowment Effect 行为经济学最有趣的也是最早的发现之一是损失厌恶-loss aversion。它指的是人们虽然赚钱的时候非常开心,但是损失时候的痛苦却更大,更让人厌恶。简单来说,比起赚了一百块,损失一百块更让人刻骨铭心。损失的感受大约是获得的感受的强度的2.5倍。另...
行为经济学最有趣的也是最早的发现之一是损失厌恶-loss aversion。它指的是人们虽然赚钱的时候非常开心,但是损失时候的痛苦却更大,更让人厌恶。简单来说,比起赚了一百块,损失一百块更让人刻骨铭心。损失的感受大约是获得的感受的强度的2.5倍。另外,这里所指的损失并不是相对于0来说的,而是相对于已经拥有的数量。
In this article, the authors propose some psychological principles to describe the boundaries of loss aversion. A key idea is that exchange goods that are given up "as intended" do not exhibit loss aversion. For example, the authors propose that money given up in purchases is not generally su...
The-effects-of-loss-aversion-on-trade-policy-Theory-and-evidence_2009_Journal-of-International-Economics.pdfof,on,OF,The,loss,trade,and,the,Loss,Trade 文档格式: .pdf 文档大小: 372.36K 文档页数: 14页 顶/踩数: 0/0 收藏人数: 0 评论次数: ...
We also show that loss-aversion can act as a means of endogneous commitment. The procastination principle also applies in this case and the Markov equilibrium is based on mixed strategies commiting and not commiting to low taxes. The result is that policies resembling "committment policies" are...
LossAversion Terminology •OmissionvCommission–Repentingchangingstatestofinditunfavorable>regretofstayinginstate.•IncomeEffect–Peoplechangebudgetshareforcertainitemsbasedonincome.•ReversibilityofIndifferencecurves–ifyouhave5pensand0dollarshavetogiveup4pensfor8dollarswhenyouhave1pensand8dollarsyou...
not only sacrifices but also the expectations of a certain level of quality and prospects of satisfaction, together with the idea the Prospect Theory applies to tourism prices, the article states the hypothesis that interest in culture when choosing a destination lowers people's loss aversion. By...