loss aversion or by violations of the Reduction Axiom. We validate the task and test its robustness in a large …-scale experiment. Choices react significantly to the stakes and to the size of the choice set. Our experiment rationalizes the gender … gap that often characterizes choices under uncertainty by means of a higher loss rather than risk aversion. -- Risk …

We report on a laboratory experiment testing for the presence of loss aversion, as separate from risk aversion …, utilizing an asset integration protocol designed to ensure that a loss of cash provided by the experimenter is viewed as a real … loss by experimental participants. Our experimental design augments the Holt-Laury risk preference elicitation methodology …

We report on a laboratory experiment testing for the presence of loss aversion, as separate from risk aversion …, utilizing an asset integration protocol designed to ensure that a loss of cash provided by the experimenter is viewed as a real … loss by experimental participants. Our experimental design augments the Holt-Laury risk preference elicitation methodology …

losses separately, there was no method to measure loss aversion under ambiguity. Our method allows this and thereby it can … new tests of prospect theory. We implemented our method in an experiment and obtained support for prospect theory. Utility … was concave for gains and convex for losses and there was substantial loss aversion. Both utility and loss aversion were …

Wir untersuchen neben Risikoaversion auch Risikopräferenzen höherer Ordnung, d.h. "Prudence" und "Temperance" in …

experiments. In the first experiment, we elicit the value and probability weighting functions both under known and unknown … probability transformations rather than utility transformations. In the second experiment, we examine the effects of an increase …