What is loss aversion?

被引：119

作者：

Schmidt, U ^{[1
]}

Zank, H

机构：

[1] Univ Hannover, Lehrstuhl Finanzmarkttheorie, Hannover, Germany

[2] Univ Manchester, Sch Econ Studies, Manchester, Lancs, England

来源：

JOURNAL OF RISK AND UNCERTAINTY | 2005年 / 30卷 / 02期

关键词：

prospect theory; loss aversion;

D O I：

10.1007/s11166-005-6564-6

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

A behavioral definition of loss aversion is proposed and its implications for original and cumulative prospect theory are analyzed. Original prospect theory is in agreement with the new loss aversion condition, and there utility is capturing all effects of loss aversion. In cumulative prospect theory loss aversion is captured by both the weighting functions and the utility function. Further, some restrictions apply for the weighting functions involved in the latter model.

引用

页码：157 / 167

页数：11

共 36 条

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