Topic
Loss aversion
About: Loss aversion is a research topic. Over the lifetime, 2898 publications have been published within this topic receiving 115198 citations.
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TL;DR: This paper examined whether the differential effects of option framing (additive vs. subtractive) on choice vary depending on the importance of attributes that constitute the defaults and proposed that consumers' budget range and justification for choice serve to moderate the differential effect of option-framing on choice.
Abstract: Loss aversion or an endowment-based explanation clearly predicts that subtractive option framing (i.e. deleting mode or starting from a full model) will have a stronger effect on choice than additive option framing (i.e. adding mode or starting from a base model). This research examines whether the differential effects of option framing (additive vs. subtractive) on choice vary depending on the importance of attributes that constitute the defaults. Furthermore, this research proposes that consumers’ budget range and justification for choice serve to moderate the differential effects of option framing on choice.
14 citations
TL;DR: In this paper, the authors present a new experimental design to test whether the endowment effect exists for exchange goods, like money, and they compare three groups to a baseline: one endowed with money, another endowed with chocolate coins, and a third endowed with coins described as tokens.
Abstract: We present a new experimental design to test whether the endowment effect exists for exchange goods, like money. We compare three groups to a baseline: one endowed with money, one endowed with chocolate coins, and one endowed with chocolate coins described as “tokens.” We find an endowment effect for chocolate coins, but no endowment effect for money or for chocolate coins when they are described as tokens. The results suggest that the endowment effect does not exist for exchange goods.
14 citations
01 Apr 2010
TL;DR: In this article, the results of three studies show evidence of influence of age, gender, gender and occupation on the level of loss aversion in professionals and students in the accounting area.
Abstract: This study has as its main goal to verify if gender, age and occupation have any influence at loss aversion level. The results taken are based in collected data through questionnaire applied to 516 professionals and students in the accounting area. The problems used are based on the questionnaire developed by Kahneman and Tversky in 1979. In Study I - Analysis of Students and Professionals x Gender, the goal was to verify if the gender has any influence in their loss aversion. In Study II - Analysis of Students and Professionals x Age, the goal was to be able to know if the age range has any influence in the loss aversion. In the so-called Study III - Students Analysis versus Professionals Analysis found that the occupation of the respondents influences the level of loss aversion. The results of three studies show evidence of influence of age, gender and occupation the level of loss aversion.
14 citations
TL;DR: Skin conductance responses to losses during the outcome period were larger when gambles were associated with methylmercaptan compared to jasmine, suggesting a dynamic adjustment of loss aversion toward greater sensitivity to losses.
14 citations
TL;DR: In this article, the authors conducted an online experiment with 112 farmers from Germany and found that there is a robust disposition effect in farmers' selling behavior and that more loss-averse farmers exhibited a higher realization of gains.
14 citations