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 … was concave for gains and convex for losses and there was substantial loss aversion. Both utility and loss aversion were …

In this paper, we investigate a novel multiperiod portfolio decision model for loss-averse investors with dynamically …

Using survey-based measures of mutual fund manager loss aversion, we study the effects of institutional investor … stronger disposition effect. Further, we provide evidence that more loss-averse managers have lower performance and are more …