experiment, reduces evasion, as predicted by our theory. Loss aversion, risk aversion, and their interaction, are critical … experience (i) greater loss aversion from paying taxes, and (ii) lower moral costs of evasion. We confirm the predictions of our … influence taxpayers decisions. Loss aversion, measured “directly” for the first time for each individual in an evasion …

the loss aversion of a sponsor, who is assumed to be more sensitive to underfunding than overfunding. Through the lens of … prospect theory, we first set up a loss-aversion utility function for a sponsor whose utility depends on the funding ratio in … retirement. We also find that the equity portion of the portfolio increases when a sponsor is less loss-averse or the …