In an often quoted article, Genesove and Mayer (2001) observe that house sellers are reluctant to sell at a loss, and … attribute this finding to loss aversion. I show that loss aversion cannot explain this phenomenon. …

I show that a loss averse consumer who must share her budget between two goods prefer allocations for which consumption …

is increasing in the tax rate as soon as a suitable relative risk aversion measure is larger with auditing, than without …

, participants in the loss framing group choose to go further in the experiment. There was also a significant and interesting gender … effect in the loss framing treatment, such that males performed better and reached higher levels. …

This chapter of a collective book aims at presenting the basics of decision making under risk. We first define notions … of risk and increasing risk and recall definitions and classifications (that are valid independently of any … representation) of behavior under risk. We then review the classical model of expected utility due to von Neumann and Morgenstern …

loss aversion in this domain., We observe loss aversion and risk aversion for gains and losses, which for gains can be …

evidence of reference dependence with loss aversion. We develop a simple labor supply model with reference dependence that can …

interpretation allows us to exhibit a loss aversion factor when the risk measure is the Conditional Value-at-Risk. …We provide an economic interpretation of the practice consisting in incorporating risk measures as constraints in a … classic expected return maximization problem. For what we call the infimum of expectations class of risk measures, we show …