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On probabilities and loss aversion

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  • Horst Zank

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  • Horst Zank, 2010. "On probabilities and loss aversion," Theory and Decision, Springer, vol. 68(3), pages 243-261, March.
    • Handle: RePEc:kap:theord:v:68:y:2010:i:3:p:243-261
    DOI: 10.1007/s11238-008-9117-z
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    Cited by:

    1. Mathieu Lefebvre & Ferdinand Vieider & Marie Villeval, 2011. "The ratio bias phenomenon: fact or artifact?," Theory and Decision, Springer, vol. 71(4), pages 615-641, October.
    2. Marc Oliver Rieger & Mei Wang & Thorsten Hens, 2017. "Estimating cumulative prospect theory parameters from an international survey," Theory and Decision, Springer, vol. 82(4), pages 567-596, April.
    3. Mohammed Abdellaoui & Olivier L’Haridon & Horst Zank, 2010. "Separating curvature and elevation: A parametric probability weighting function," Journal of Risk and Uncertainty, Springer, vol. 41(1), pages 39-65, August.
    4. Pierpaolo Angelini, 2020. "A Portfolio of Risky Assets and Its Intrinsic Properties," Journal of Mathematics Research, Canadian Center of Science and Education, vol. 12(3), pages 1-61, June.
    5. Stefan Zeisberger, 2022. "Do people care about loss probabilities?," Journal of Risk and Uncertainty, Springer, vol. 65(2), pages 185-213, October.
    6. Mohammed Abdellaoui & Olivier L'Haridon & Corina Paraschiv, 2011. "Experienced vs. Described Uncertainty: Do We Need Two Prospect Theory Specifications?," Management Science, INFORMS, vol. 57(10), pages 1879-1895, October.
    7. Mohammed Abdellaoui & Han Bleichrodt & Olivier l’Haridon, 2013. "Sign-dependence in intertemporal choice," Journal of Risk and Uncertainty, Springer, vol. 47(3), pages 225-253, December.
    8. Matthew Gould & Matthew D. Rablen, 2019. "Are World Leaders Loss Averse?," CESifo Working Paper Series 7763, CESifo.
    9. Balcombe, Kelvin & Bardsley, Nicholas & Dadzie, Sam & Fraser, Iain, 2019. "Estimating parametric loss aversion with prospect theory: Recognising and dealing with size dependence," Journal of Economic Behavior & Organization, Elsevier, vol. 162(C), pages 106-119.
    10. Ranoua Bouchouicha & Lachlan Deer & Ashraf Galal Eid & Peter McGee & Daniel Schoch & Hrvoje Stojic & Jolanda Ygosse-Battisti & Ferdinand M. Vieider, 2019. "Gender effects for loss aversion: Yes, no, maybe?," Journal of Risk and Uncertainty, Springer, vol. 59(2), pages 171-184, October.
    11. Michael J. Best & Xili Zhang, 2011. "Degeneracy Resolution for Bilinear Utility Functions," Journal of Optimization Theory and Applications, Springer, vol. 150(3), pages 615-634, September.
    12. Bleichrodt, Han & L’Haridon, Olivier, 2023. "Prospect theory’s loss aversion is robust to stake size," Judgment and Decision Making, Cambridge University Press, vol. 18, pages 1-1, January.
    13. Ghossoub, Mario, 2011. "Towards a Purely Behavioral Definition of Loss Aversion," MPRA Paper 37628, University Library of Munich, Germany, revised 23 Mar 2012.
    14. David Blake & Edmund Cannon & Douglas Wright, 2021. "Quantifying loss aversion: Evidence from a UK population survey," Journal of Risk and Uncertainty, Springer, vol. 63(1), pages 27-57, August.

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    More about this item

    Keywords

    Choice behavior; Loss aversion; Probability weighting; Prospect theory; Utility; D81; C60;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • C60 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - General

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