literature, including loss aversion and liquidity constraints. In the existing literature, these two types of consumption … for the period 1953q1-2007q3, we show that evidence of either loss aversion or liquidity constraints can indeed be …

intense debate. Two main families of models claim to solve this puzzle: habit-formation models and loss-aversion models. The … the observed data. The loss aversion model and the internal habit model could fit the observed excess return evolution …

Purpose - The current study aims to investigate the impacts of two behavioral biases, namely, loss aversion and … overconfidence on the performance of US companies. First, the impact of loss aversion on the economic performance of companies was … study. Findings - It was documented that the loss-aversion bias negatively affects the economic performance of companies and …

Using detailed mutual fund holdings in the US market, we estimate active mutual fund managers’ loss aversion as a … function of both funds’ past performance and asset allocations. We document a substantial variation in loss aversion over time …. We further find managers' loss aversion is higher when past fund flows were high and lower when past fund flows were …

uncertainty about future income triggers saving because of loss aversion. We extend their theoretical analysis to also consider … the internal margin, i.e., the strength, of loss aversion, and empirically study the relation between income risk …, experimentally elicited loss aversion and precautionary savings. We do so using a sample of 640 individuals from the low …

uncertainty about future income triggers saving because of loss aversion. We extend their theoretical analysis to also consider … the internal margin, i.e., the strength, of loss aversion, and empirically study the relation between income risk …, experimentally elicited loss aversion and precautionary savings. We do so using a sample of 640 individuals from the low …

triggers an increase in saving because of loss aversion. Guided by the theoretical model of Koszegi and Rabin (2009), we first … extend their theoretical analysis to also consider the internal margin, i.e., the strength, of loss aversion, and then … empirically study the relation between income risk, experimentally elicited loss aversion, and precautionary savings. We do so …