Given the pervasive evidence that people typically value changes in terms of comparisons to a reference state, and that they commonly value losses and reductions of losses more than gains, current risk assessment and valuation practice is likely to lead to systematic bias and distorted guidance....

Publications in leading journals are widely known to have a positive impact on economists' judgments of the value of authors' contributions to the literature and on their professional reputations. Very little attention has been given, however, to the impacts of the addition of publications in...

Publications in leading journals are widely known to have a positive impact on economists' judgments of the value of authors' contributions to the literature and on their professional reputations. Very little attention has been given, however, to the impacts of the addition of publications in...

Publications in leading journals are widely known to have a positive impact on economists' judgments of the value of authors' contributions to the literature and on their professional reputations. Very little attention has been given, however, to the impacts of the addition of publications in...