this paper, we demonstrate that exploiting the power of loss aversion--teachers are paid in advance and asked to give back … arm, identical to the loss aversion treatment but implemented in the standard fashion, yields smaller and statistically … insignificant results. This suggests it is loss aversion, rather than other features of the design or population sampled, that leads …

We study equilibrium firm-level stock returns in two economies: one in which investors are loss averse over the … fluctuations of their stock portfolio and another in which they are loss averse over the fluctuations of individual stocks that …

combining myopia and loss aversion. Complementing the behavioral theory is evidence from laboratory experiments, which provide … strong empirical support consistent with myopic loss aversion (MLA). Yet, whether, and to what extent, such preferences …

This research explores the origins of loss aversion and the variation in its prevalence across regions, nations and … ethnic group. It advances the hypothesis and establishes empirically that the evolution of loss aversion in the course of … climatic volatility have higher predisposition towards loss-neutrality, while descendants of regions in which climatic …

increases, the ``loss-aversion'' feature of prospect utility. Moreover consistent with experimental evidence, the utility he … investor's loss-aversion, leads to large equity premia. Our results obtain with reasonable values for all parameters …