Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/282152 
Erscheinungsjahr: 
2023
Schriftenreihe/Nr.: 
Discussion Paper No. 461
Verlag: 
Ludwig-Maximilians-Universität München und Humboldt-Universität zu Berlin, Collaborative Research Center Transregio 190 - Rationality and Competition, München und Berlin
Zusammenfassung: 
Loss aversion postulates that people prefer avoiding losses over acquiring gains of equal size. It is a central part of prospect theory and, according to Daniel Kahneman, "the most significant contribution of psychology to behavioral economics" (Kahneman, 2011, p. 300). It has powerful implications for decision theory and has been fruitfully applied in many subfields of economics. However, because the reference point is often not well defined and loss aversion interacts with other behavioral biases, there is some controversy about the concept.
Schlagwörter: 
loss aversion
reference point
prospect theory
endowment effect
decision theory
risk
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
122.47 kB





Publikationen in EconStor sind urheberrechtlich geschützt.