-taking decreases after a realized loss, using gambling data from a real casino. During a particular casino visit, losses are likely …In this paper, we test the realization effect, i.e., that risk-taking increases after a paper loss, whereas risk … casino customers leave the casino, the final account balance is realized. Using individual-level slot machine gambling …

loss aversion or by violations of the Reduction Axiom. We validate the task and test its robustness in a large … gap that often characterizes choices under uncertainty by means of a higher loss rather than risk aversion …

loss aversion or by violations of the Reduction Axiom. We validate the BRET and test its robustness in a large … a higher loss rather than risk aversion …

loss aversion or by violations of the Reduction Axiom. We validate the task and test its robustness in a large … gap that often characterizes choices under uncertainty by means of a higher loss rather than risk aversion …

Given the possibility to modify the probability of a loss, will a profit-maximizing insurer engage in loss prevention … or is it in his interest to increase the loss probability? This paper investigates this question. First, we calculate the … expected profit maximizing loss probability within an expected utility framework. We then use Köszegi and Rabin's (2006, 2007 …

loss aversion or by violations of the Reduction Axiom. We validate the BRET and test its robustness in a large … a higher loss rather than risk aversion. -- Risk Aversion ; Loss Aversion ; Elicitation Method …