|
EconStor >
Institut für Weltwirtschaft (IfW), Kiel >
Economists Online >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/28938
|
| | |
| Title: | | What is loss aversion? |
| Authors: | | Schmidt, Ulrich Zank, Horst |
| Issue Date: | | 2005 |
| Citation: | | [Volume:] 30 [Issue:] 2 [Pages:] 157-167 [Journal:] Journal of risk and uncertainty : JRU [ISBN:] 0895-5646 |
| Abstract: | | A behavioral definition of loss aversion is proposed and its implications for original and cumulative prospect theory are analyzed. Original prospect theory is in agreement with the new loss aversion condition, and there utility is capturing all effects of loss aversion. In cumulative prospect theory loss aversion is captured by both the weighting functions and the utility function. Further, some restrictions apply for the weighting functions involved in the latter model. |
| Subjects: | | prospect theory loss aversion |
| JEL: | | D81 C60 |
| Persistent Identifier of the first edition: | | doi:10.1007/s11166-005-6564-6 |
| Document Type: | | Article |
| Appears in Collections: | | Economists Online
|
| Files in This Item:
| |
There are no files associated with this item.
|
| No. of Downloads:
| |
| last Month |
last 3 Month |
total |
|
|
|
|
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/28938
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|