Optimal incentive contracts under loss aversion and inequity aversion
Sign Up to like & getrecommendations! Published in 2019 at "Fuzzy Optimization and Decision Making"
DOI: 10.1007/s10700-018-9288-1
Abstract: This paper studies a model of principal-agent problem under loss aversion and inequity aversion. The model analyzes how loss aversion and inequity aversion affect the wage structure in optimal contract design. The results demonstrate that… read more here.
Keywords: aversion; wage; loss aversion; inequity aversion ... See more keywords
Loss Aversion Equilibrium of Bimatrix Games with Symmetric Triangular Fuzzy Payoffs
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DOI: 10.1007/s40815-019-00611-3
Abstract: Inspired by Shalev’s model of loss aversion, we propose a bimatrix game with loss aversion, where the elements in payoff matrices are characterized as symmetric triangular fuzzy numbers, and investigate the effect of loss aversion… read more here.
Keywords: loss; loss aversion; symmetric triangular; equilibrium ... See more keywords
Is it myopia or loss aversion? A study on investment game experiments
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DOI: 10.1016/j.econlet.2019.04.006
Abstract: Abstract Gneezy and Potters (1997) designed an investment game experiment and found that, consistent with Myopic Loss Aversion (MLA), individuals are more willing to take risks when they evaluate the results of their investments less… read more here.
Keywords: investment game; loss aversion;
Using loss aversion to incentivize energy efficiency in a principal–agent context — Evidence from a field experiment
Sign Up to like & getrecommendations! Published in 2020 at "Economics Letters"
DOI: 10.1016/j.econlet.2020.108984
Abstract: Abstract Promoting energy-efficient behavior of agents in a principal–agent context simultaneously decreases costs for firms and mitigates CO2 emissions. Along this line, we analyze the effect of incentive framing on energy-efficient driving behavior. Our results… read more here.
Keywords: energy; using loss; principal agent; loss aversion ... See more keywords
Ambiguity attitudes and myopic loss aversion: Experimental evidence using carnival games
Sign Up to like & getrecommendations! Published in 2020 at "Journal of Behavioral and Experimental Finance"
DOI: 10.1016/j.jbef.2019.100258
Abstract: Abstract A series of tailor made experiments were executed on a representative Indian household sample to investigate the influence of risky and ambiguous options on the choices made by the subjects. The objective of the… read more here.
Keywords: aversion experimental; attitudes myopic; aversion; myopic loss ... See more keywords
The effect of fertility on loss aversion
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DOI: 10.1016/j.jbusres.2019.02.043
Abstract: Abstract Loss aversion is the tendency to be more sensitive to losses than comparable gains. Recent work has shown that men's loss aversion can change when they have a currently activated mating motivation. The current… read more here.
Keywords: effect fertility; loss; loss aversion;
Testing loss aversion and diminishing sensitivity in review sentiment
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DOI: 10.1016/j.tourman.2019.104020
Abstract: Abstract This article analyzes the relationship between ratings and review sentiment by introducing, for the first time, the tenets of prospect theory. Specifically, we test loss aversion and diminishing sensitivity on a sample of 132,486… read more here.
Keywords: loss aversion; review sentiment; diminishing sensitivity;
Decomposing loss aversion from gaze allocation and pupil dilation
Sign Up to like & getrecommendations! Published in 2020 at "Proceedings of the National Academy of Sciences of the United States of America"
DOI: 10.1073/pnas.1919670117
Abstract: Significance We revisit the concept of loss aversion by synthesizing distinct views into an integrative framework and by probing physiological biomarkers associated with the behavior. The framework decomposes loss aversion into a valuation bias, which… read more here.
Keywords: framework; dilation; loss aversion; bias ... See more keywords
Loss aversion, the endowment effect, and gain-loss framing shape preferences for noninstrumental information
Sign Up to like & getrecommendations! Published in 2022 at "Proceedings of the National Academy of Sciences of the United States of America"
DOI: 10.1073/pnas.2202700119
Abstract: Significance We build on Abelson and Prentice’s conjecture that beliefs are not merely valued as guides to interacting with the world, but as cherished possessions. Extending this idea to information, we show that three key… read more here.
Keywords: information; effect; loss aversion; aversion endowment ... See more keywords
Myopic Loss Aversion, Personality, and Gender
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DOI: 10.1080/15427560.2018.1511562
Abstract: Abstract Investor propensity to exhibit myopic loss aversion (MLA) varies. The authors’ analysis, which follows and extends the experimental design of Gneezy and Potters [1997] and Haigh and List [2005], finds that extraversion, one of… read more here.
Keywords: loss aversion; personality; myopic loss; mla ... See more keywords
Neural bases of loss aversion when choosing for oneself versus known or unknown others.
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DOI: 10.1093/cercor/bhad025
Abstract: Despite the ubiquitous interdependence between one's own decisions and others' welfare, and the controversial evidence on the behavioral effect of choosing for others, the neural bases of making decisions for another versus oneself remain unexplored.… read more here.
Keywords: loss aversion; choosing oneself; neural bases; others neural ... See more keywords