Arbeitspapier
Loss aversion and rent-seeking: An experimental study
We report an experiment designed to evaluate the impact of loss aversion on rent-seeking contests. We find, as theoretically predicted, a negative relationship between rent-seeking expenditures and loss aversion. However, for any degree of loss aversion, levels of rent-seeking expenditure are higher than predicted. Moreover, we find that the effect of loss aversion becomes weaker with repetition of the contest.
- Language
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Englisch
- Bibliographic citation
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Series: CeDEx Discussion Paper Series ; No. 2008-13
- Classification
-
Wirtschaft
- Subject
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Rent Seeking
Verlust
Risikoaversion
Verhaltensökonomik
Test
- Event
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Geistige Schöpfung
- (who)
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Kong, Xiaojing
- Event
-
Veröffentlichung
- (who)
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The University of Nottingham, Centre for Decision Research and Experimental Economics (CeDEx)
- (where)
-
Nottingham
- (when)
-
2008
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Kong, Xiaojing
- The University of Nottingham, Centre for Decision Research and Experimental Economics (CeDEx)
Time of origin
- 2008
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