Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/101895
Authors: 
Morrison, William G.
Oxoby, Robert J.
Year of Publication: 
2014
Series/Report no.: 
IZA Discussion Papers 8309
Abstract: 
We report the results of a laboratory experiment testing for the existence of loss aversion in a standard risk aversion protocol (Holt and Laury, 2002). In our experiment, participants earn and retain money for a week before using it in an incentivized risk preference elicitation task. We find loss aversion, distinct from risk aversion, has a significant effect on behavior resulting in participants requiring higher compensation to bear risk.
Subjects: 
risk aversion
loss aversion
experiments
JEL: 
C91
D91
Document Type: 
Working Paper

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