Data from downtown Boston in the 1990s show that loss aversion determines seller behaviour in the housing market …

price. When applying the loss-aversion performance measure to closed-end funds, we find that it gives significantly … Higher Moment measure), and gives the expected signs for the odd and even moments of tracking errors. However, loss … evidence that loss-aversion attracts investors to particular funds in the short-term. …

distinguish pure reference dependence from effects due to loss aversion. Thus, we use actual market data to test essential … reference dependence can be identified separately from loss aversion. Secondly, we introduce a consistent non-linear estimator … to deal with measurement errors problems involved in testing for loss aversion. In this dataset, we find strong reference …

candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …

aspirations. We find that people whose aspirations exceed their income are less risk-averse and less loss-averse than people whose … are less competitive and status-seeking, and that status-seeking people are less loss-averse than people who are not as …

experiment affects risk taking. We find some evidence of imitation of the risk taking behavior of others that is distinct from …

which loss aversion is displayed. State-dependent degrees of real rigidity and elasticity of intertemporal substitution in …

in an experiment where actions are strategic substitutes. The game theoretic basis for our experiment is the model of …

price. If consumers are additionally sufficiently ‘loss averse’, e.g. consumers’ disappointment from higher than suggested …