Results 121 to 130 of about 2,812,788 (283)
Newsvendor revisited: risk premiums of loss aversion
Production and Manufacturing Research: An Open Access Journal, 2018 The classical newsvendor model in economics and decision theory treats losses and gains equally likely. However, decision makers are usually loss-averse as probable losses have more impact on humans than probable gains.
Khaled A. Alkhaledi +2 more
doaj +1 more source
Loss aversion in repeated games [PDF]
, 1998 The Nash equilibrium solution concept for strategic form games is based on the assumption of expected utility maximization. Reference dependent utility functions (in which utility is determined not only by an outcome, but also by the relationship of the outcome to a reference point) are a better predictor of behavior than expected utility.
openaire +2 more sources
Alternating offers bargaining with loss aversion [PDF]
The Rubinstein alternating offers bargaining game is reconsidered under the assumption that each player is loss averse and the associated reference point is equal to the highest turned down offer of the opponent in the past.
Driesen Bram, Peters Hans, Perea Andrés
core
American Journal of Agricultural Economics, EarlyView.Abstract Protecting endangered aquatic species while sustaining farming communities can require water buyback programs that are both cost‐effective and responsive to the variability and unpredictability of drought conditions. Working in close partnership with The Nature Conservancy and the Georgia Water Planning and Policy Center, we co‐design parallel
Lusi Xie +5 more
wiley +1 more source
Joint Inventory, Pricing, and Advertising Decisions with Surplus and Stockout Loss Aversions
Discrete Dynamics in Nature and Society, 2016 The newsvendor models considering decision-makers’ behavioral factors remain a fruitful research area in operation management field in past decade.
Bing-Bing Cao +3 more
doaj +1 more source
What have we learnt about Loss Aversion and Endowment Effects? Still an anomaly? [PDF]
This paper presents an insight into the theoretical and empirical literature of Loss Aversion and Endowment Effect. The definition and conceptualisation of both ideas is introduced in order to define a framework for further analysis.
Patricio Santiago Dalton
core
Are dairy cows replaced too early? Evidence from a structural model and cow‐level data
American Journal of Agricultural Economics, EarlyView.Abstract In past analyses of animal replacement decisions, studies have claimed that dairy farms often replace dairy cows too early to be maximizing profits. I estimate a structural model of asset replacement to determine the motives behind early replacement of dairy cows.
Jared P. Hutchins
wiley +1 more source
Do Professional Traders Exhibit Myopic Loss Aversion? An Experimental Analysis [PDF]
Two behavioral concepts, loss aversion and mental accounting, have been combined to provide a theoretical explanation of the equity premium puzzle. Recent experimental evidence supports the theory, as students-behavior has been found to be consistent ...
Michael Haigh, John A. List
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Consumer Psychology Review, EarlyView.Abstract Past research suggests that people exhibit robust waste aversion. However, many consumers routinely feel that they waste not only goods but also time, money, energy, and emotion and would be hard‐pressed to imagine their lives otherwise. Why does consumer waste persist? In this paper, we first propose a definition for consumer waste.
Marissa A. Sharif, Cait Lamberton
wiley +1 more source
Jurnal Aplikasi Bisnis dan ManajemenBackground: Behavioral bias factors influence individual decision-making. Technological innovations in the financial services industry have introduced automated financial advisors, or robo-advisors, to assist in mutual fund investment decisions and ...
Liliana Inggrit Wijaya +2 more
doaj +1 more source