A psychological law of inertia and the illusion of loss aversion
The principle of loss aversion is thought to explain a wide range of anomalous phenomena involving tradeoffs between losses and gains. In this article, I show that the anomalies loss aversion was introduced to explain --- the risky bet premium, the endowment effect, and the status-quo bias --- are c...
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| Autor principal: | |
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| Formato: | Artigo |
| Idioma: | Inglês |
| Publicado em: |
Cambridge University Press
2006-07-01
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| coleção: | Judgment and Decision Making |
| Assuntos: | |
| Acesso em linha: | http://journal.sjdm.org/jdm06002.pdf |
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