Loss averse behavior

被引：99

作者：

Brooks, P ^{[1
]}

Zank, H ^{[1
]}

机构：

[1] Univ Manchester, Manchester, Lancs, England

来源：

JOURNAL OF RISK AND UNCERTAINTY | 2005年 / 31卷 / 03期

基金：

英国经济与社会研究理事会;

关键词：

binary choice; comonotonic independence; gender effect; loss aversion; risk aversion;

D O I：

10.1007/s11166-005-5105-7

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

A behavioral condition of loss aversion is proposed and tested. Forty-nine students participated in experiments on binary choices among lotteries involving small scale real gains and losses. At the aggregate level, a significant proportion of the choices are in the direction predicted by loss aversion. Individuals can be classified as loss averse (28 participants), gain seeking (12), and unclassified (9). A comparison with risk behavior for binary choices on lotteries involving only gains shows that risk attitudes vary across these domains of lotteries. A gender effect is also observed: proportionally more women are loss averse. In contrast to the predictions of comonotonic independence, the size of common outcomes has systematic influence on choice behavior.

引用

页码：301 / 325

页数：25

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