In this paper it is shown that the combination of mental accounting and loss aversion can fundamentally changes people … play of the players with loss aversion, and that the degree of the favorite-longshot bias depends on the mental accounting …

phenomenon, called the favorite longshot bias, has many explanations such as risk seeking preference, transaction costs, and non …-linear transformation of probabilities into decision weights, etc. This paper combines loss aversion with mental accounting, and provides a …

This paper concerns the distributional assumptions made on stock returns in the myopic loss aversion (MLA) proposed …

wealth allocation among consumption, risky, and risk-free financial assets. We employ a two-dimensional utility setting in …-wealth percentages dedicated to consumption, but supports myopic loss aversion. Non-expected utility yields more reasonable assignments … to consumption but also a high preference for risky assets. In this latter setting, myopic loss aversion holds solely …

This paper studies the Cass-Koopmans-Ramsey model of optimal economic growth in the presence of loss aversion and habit …

The objective of this paper is to study if taxpayers behave in a loss averse manner when filing their tax returns. This … instrumental-variables approach. There is strong evidence of loss aversion. We estimate the coefficient of loss aversion using …