models and prospect theory. We present a new method to measure utility and loss aversion under uncertainty without the need … loss aversion and a useful tool for practical applications of ambiguity models. We could not reject the hypothesis that … utility and loss aversion were the same for risk and uncertainty, suggesting that utility primarily reflects attitudes towards …

weighting and loss aversion. We also consider how relevant emotions such as guilt, shame and indignation play out. Several of …

under income uncertainty by sufficiently considering government¡¯s risk aversion and individuals¡¯ loss aversion. We obtain …

, non-linear probability weighting and loss aversion. We also consider how relevant emotions such as guilt, shame and …

This paper suggests a behavioral, preference-based definition of loss aversion for decision under risk. This definition … leads to defining loss aversion as a particular kind of risk aversion. The notions of weak loss aversion and strong loss … under Cumulative Prospect Theory (PT) and Expected-Utility Theory (EUT) are examined. In particular, I show that in EUT loss …

temperance. Our theoretical approach is to define risk compensations of different orders, and in an experiment we elicit these …. In contrast to commonly used utility functions, prospect theory can predict this behavioral pattern. In our experiment …

This study measures risk and loss aversion using Prospect Theory and examines the impact of emotions on these … sadness while loss aversion is negatively influenced by anger. On average, anger reduces loss aversion by half. …

This study measures risk and loss aversion using Prospect Theory and the impact of emotions on those parameters. Our … controlled experiment at two universities in Mexico City, using uncompensated students as research subjects, found results … studies, we find that risk aversion on the gains domain decreases with age and income. We also find that loss aversion …

This study measures risk and loss aversion using Prospect Theory and the impact of emotions on those parameters. Our … controlled experiment at two universities in Mexico City, using uncompensated students as research subjects, found results … studies, we find that risk aversion on the gains domain decreases with age and income. We also find that loss aversion …

possible), loss prospects (gaining is not possible), and mixed prospects (both gaining and losing are possible). The data … diminishing sensitivity of utility as predicted by PT are observed. Loss aversion is, however, less pronounced, except for choices … where one prospect is degenerate. The data suggests that the probability of losing may be relevant for loss aversion …