Loss aversion has been shown to be an important driver of people’s investment decisions. Encouraged by regulators, financial institutions are in search of ways to incorporate clients’ loss aversion in their risk classifications. The most critical obstacle appears to be the lack of a valid...

This article introduces the special issue Empirical Behavioral Finance in the Journal of Economic Behavior and Organization (Volume 107, Part B, November 2014). It includes the results of a survey among reviewers and authors into the relative importance of different types of research within the...