Arbeitspapier
Meta-analysis of empirical estimates of loss-aversion
Loss aversion is one of the most widely used concepts in behavioral economics. We conduct a large-scale interdisciplinary meta-analysis, to systematically accumulate knowledge from numerous empirical estimates of the loss aversion coefficient reported during the past couple of decades. We examine 607 empirical estimates of loss aversion from 150 articles in economics, psychology, neuroscience, and several other disciplines. Our analysis indicates that the mean loss aversion coefficient is between 1.8 and 2.1. We also document how reported estimates vary depending on the observable characteristics of the study design.
- Sprache
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Englisch
- Erschienen in
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Series: Discussion Paper ; No. 275
- Klassifikation
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Wirtschaft
Criteria for Decision-Making under Risk and Uncertainty
Micro-Based Behavioral Economics: General‡
Design of Experiments: General
Bayesian Analysis: General
- Thema
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loss aversion
prospect theory
meta-analysis
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Brown, Alexander L.
Imai, Taisuke
Vieider, Ferdinand M.
Camerer, Colin
- Ereignis
-
Veröffentlichung
- (wer)
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Ludwig-Maximilians-Universität München und Humboldt-Universität zu Berlin, Collaborative Research Center Transregio 190 - Rationality and Competition
- (wo)
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München und Berlin
- (wann)
-
2021
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Brown, Alexander L.
- Imai, Taisuke
- Vieider, Ferdinand M.
- Camerer, Colin
- Ludwig-Maximilians-Universität München und Humboldt-Universität zu Berlin, Collaborative Research Center Transregio 190 - Rationality and Competition
Entstanden
- 2021
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