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.

Language: Englisch

Bibliographic citation: Series: Discussion Paper ; No. 275

Classification: Wirtschaft
Criteria for Decision-Making under Risk and Uncertainty
Micro-Based Behavioral Economics: General‡
Design of Experiments: General
Bayesian Analysis: General

Subject: loss aversion
prospect theory
meta-analysis

Event: Geistige Schöpfung

(who): Brown, Alexander L.
Imai, Taisuke
Vieider, Ferdinand M.
Camerer, Colin

Event: Veröffentlichung

(who): Ludwig-Maximilians-Universität München und Humboldt-Universität zu Berlin, Collaborative Research Center Transregio 190 - Rationality and Competition

(where): München und Berlin

(when): 2021

Handle: http://hdl.handle.net/10419/233498

Last update: 10.03.2025, 11:44 AM CET

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Object type

Arbeitspapier

Associated

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

Time of origin

2021

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Arbeitspapier