On the descriptive value of loss aversion in decisions under risk: Six clarifications

Previous studies of loss aversion in decisions under risk have led to mixed results. Losses appear to loom larger than gains in some settings, but not in others. The current paper clarifies these results by highlighting six experimental manipulations that tend to increase the likelihood of the behav...

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Bibliographic Details
Main Authors: Eyal Ert, Ido Erev
Format: Article
Language:English
Published: Cambridge University Press 2013-05-01
Series:Judgment and Decision Making
Subjects:
Online Access:http://journal.sjdm.org/12/12712/jdm12712.pdf