Loss aversion

被引:12
|
作者
Blavatskyy, Pavlo R. [1 ]
机构
[1] Univ Innsbruck, Inst Publ Finance, A-6020 Innsbruck, Austria
关键词
Loss aversion; More loss averse than; Nonmonetary outcomes; Probabilistic choice; Rank-dependent utility theory; PROSPECT-THEORY; UTILITY; DECISION;
D O I
10.1007/s00199-009-0504-7
中图分类号
F [经济];
学科分类号
02 ;
摘要
Loss aversion is traditionally defined in the context of lotteries over monetary payoffs. This paper extends the notion of loss aversion to a more general setup where outcomes (consequences) may not be measurable in monetary terms and people may have fuzzy preferences over lotteries, i.e., they may choose in a probabilistic manner. The implications of loss aversion are discussed for expected utility theory and rank-dependent utility theory as well as for popular models of probabilistic choice such as the constant error/tremble model and a strong utility model (that includes the Fechner model of random errors and Luce choice model as special cases).
引用
收藏
页码:127 / 148
页数:22
相关论文
共 50 条
  • [31] Loss Aversion and Inefficient Renegotiation
    Herweg, Fabian
    Schmidt, Klaus M.
    REVIEW OF ECONOMIC STUDIES, 2015, 82 (01): : 297 - 332
  • [32] Supervisory information and loss aversion
    Shin, Dongsoo
    Yun, Sungho
    ECONOMICS LETTERS, 2021, 204
  • [33] Loss aversion and market crashes
    Ouzan, Samuel
    ECONOMIC MODELLING, 2020, 92 : 70 - 86
  • [34] Myopic loss aversion revisited
    Blavatskyy, Pavlo
    Pogrebna, Ganna
    ECONOMICS LETTERS, 2009, 104 (01) : 43 - 45
  • [35] Student performance and loss aversion
    Karle, Heiko
    Engelmann, Dirk
    Peitz, Martin
    SCANDINAVIAN JOURNAL OF ECONOMICS, 2022, 124 (02): : 420 - 456
  • [36] Loss aversion in sequential auctions
    Rosato, Antonio
    THEORETICAL ECONOMICS, 2023, 18 (02) : 561 - 596
  • [37] An experimental test of loss aversion
    Schmidt, U
    Traub, S
    JOURNAL OF RISK AND UNCERTAINTY, 2002, 25 (03) : 233 - 249
  • [38] A behavioral definition of loss aversion
    Blavatskyy, Pavlo R.
    ECONOMICS LETTERS, 2024, 235
  • [39] Loss aversion and lying behavior
    Garbarino, Ellen
    Slonim, Robert
    Villeval, Marie Claire
    JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION, 2019, 158 : 379 - 393
  • [40] Tax Compliance and Loss Aversion
    Engstrom, Per
    Nordblom, Katarina
    Ohlsson, Henry
    Persson, Annika
    AMERICAN ECONOMIC JOURNAL-ECONOMIC POLICY, 2015, 7 (04) : 132 - 164