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On the Psychology of Loss Aversion: Possession, Valence, and Reversals of the Endowment Effect

✍ Scribed by Brenner, Lyle; Rottenstreich, Yuval; Sood, Sanjay; Bilgin, Baler


Book ID
125588054
Publisher
University of Chicago Press
Year
2007
Tongue
English
Weight
207 KB
Volume
34
Category
Article
ISSN
0093-5301

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Loss aversion, diminishing sensitivity,
✍ Ido Erev; Eyal Ert; Eldad Yechiam πŸ“‚ Article πŸ“… 2008 πŸ› John Wiley and Sons 🌐 English βš– 193 KB πŸ‘ 1 views

## Abstract Three experiments are presented that explore the assertion that loss aversion and diminishing sensitivity drive the effect of experience on choice behavior. The experiments are focused on repeated choice tasks where decision makers choose repeatedly between alternatives and get feedback