Dittrich, Dennis Alexis Valin; Güth, Werner; Kocher, Martin - Max-Planck-Institut für Ökonomik <Jena> - Abteilung … - 2005
loss aversion affectsthe adaptive dynamics. We analyze the impact of loss aversion in a simple auctionfor different … learning theories. Our experimental results suggest that a version of reinforcementlearning which accounts for loss aversion …