Mujcic, Redzo; Powdthavee, Nattavudh - 2022
points. In terms of proportional losses, a loss of 50% or more of the remaining cash endowment increases diversification … endowment, previous diversification strategy, relative difficulty of questions, the ability level of participants, and other … personal traits. The findings support a prospect theory-based model with a coefficient of loss aversion that is increasing in …
