Dittrich, Dennis A. V.; Güth, Werner; Kocher, Martin; … - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft
aversion affects the adaptive dynamics. We analyze the impact of loss aversion in a simple auction for different learning … theories. Our experimental results suggest that a version of reinforcement learning which accounts for loss aversion fares as … in a gain or a loss. In such an environment the question arises how the nearly universally documented phenomenon of loss …