Loss Aversion

Imai, Taisuke; Schmidt, M. Klaus

Loss Aversion

Imai, Taisuke; Schmidt, M. Klaus

Institute of Social and Economic Research Discussion Papers, 2023, 1218, 1-9

Number of Access:212（2025-10-27 02:03 Counts）

Identifier to cite or link to this item: https://hdl.handle.net/11094/93487

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Title	Loss Aversion
Creator	ORCID 0000-0002-0610-8093 0000-0002-0610-8093 researchmap permalink taisuke_imai taisuke_imai Scopus Author ID 57191989273 57191989273 CreatorName Imai, Taisuke
Creator	CreatorName Schmidt, M. Klaus
Subject	Loss aversion
	reference point
	prospect theory
	endowment effect
	decision theory
	risk
Abstract	Loss aversion postulates that people prefer avoiding losses over acquiring gains of equal size. It is a central part of prospect theory and, according to Daniel Kahneman, “the most significant contribution of psychology to behavioral economics” (Kahneman, 2011, p. 300). It has powerful implications for decision theory and has been fruitfully applied in many subfields of economics. However, because the reference point is often not well defined and loss aversion interacts with other behavioral biases, there is some controversy about the concept.
Publisher	The Institute of Social and Economic Research, Osaka University
Source Title	Institute of Social and Economic Research Discussion Papers
Volume (Issue)	1218
Page	1-9
Date of Issued	2023-11
Language	English
Handle URL	https://hdl.handle.net/11094/93487
PISSN	0473453X
eISSN	24350982
Relation.references	URI https://www.iser.osaka-u.ac.jp/static/resources/docs/dp/2023/DP1218.pdf
Access Rights	metadata only access
Category	ディスカッション／ワーキング・ペーパー DP/WP
Category	Institute of Social and Economic Research Discussion Papers

Resource Type	technical report
Local Type	DP/WP
DCMI Type	Text
DCTERMS.bibliographicCitation	Institute of Social and Economic Research Discussion Papers. 2023, 1218, p. 1-9
DC.title	Loss Aversion
DC.creator	Imai, Taisuke
DC.creator	Schmidt, M. Klaus
DC.publisher	The Institute of Social and Economic Research, Osaka University
DC.language' scheme='DCTERMS.RFC1766	English
DC.type' scheme='DCTERMS.DCMIType	Text
DCTERMS.issued' scheme='DCTERMS.W3CDTF	2023-11
DC.relation' scheme='DCTERMS.URI	https://www.iser.osaka-u.ac.jp/static/resources/docs/dp/2023/DP1218.pdf
DC.subject	Loss aversion
	reference point
	prospect theory
	endowment effect
	decision theory
	risk
DCTERMS.abstract	Loss aversion postulates that people prefer avoiding losses over acquiring gains of equal size. It is a central part of prospect theory and, according to Daniel Kahneman, “the most significant contribution of psychology to behavioral economics” (Kahneman, 2011, p. 300). It has powerful implications for decision theory and has been fruitfully applied in many subfields of economics. However, because the reference point is often not well defined and loss aversion interacts with other behavioral biases, there is some controversy about the concept.
DC.format	93487
citation_title	Loss Aversion
citation_author	Imai, Taisuke
citation_author	Schmidt, M. Klaus
citation_publisher	The Institute of Social and Economic Research, Osaka University
citation_language	English
citation_date	2023-11
citation_journal_title	Institute of Social and Economic Research Discussion Papers
citation_volume	1218
citation_firstpage	1
citation_lastpage	9
citation_public_url	https://hdl.handle.net/11094/93487
citation_abstract_html_url	https://www.iser.osaka-u.ac.jp/static/resources/docs/dp/2023/DP1218.pdf

Loss Aversion

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