Gächter, Simon; Johnson, Eric J.; Herrmann, Andreas - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
Loss aversion can occur in riskless and risky choices. Yet, there is no evidence whetherpeople who are loss averse in riskless choices are also loss averse in risky choices. Wemeasure individual-level loss aversion in riskless choices in an endowment effect experimentby eliciting both WTA and...