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Loss aversion, price and quality [PDF]
The Spence model [Spence, A.M., 1975. Monopoly, quality and regulation. Bell Journal of Economics 417–429] is extended so that customers’ utility depends on their disposition toward the firm in addition to quantity and quality of the good consumed. Disposition is determined by customers’ ‘reference-dependent’ perception of firm's pricing and quality ...
Hugh Sibly
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Loss Aversion in Politics [PDF]
AbstractWe study loss aversion in elections by investigating a median voter model (full convergence in a two‐candidate election) and a model of partial divergence of policy proposals. First, we show a status quo bias, an endowment effect, and a moderating effect of policies.
Alesina Alberto, Passarelli Francesco
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Asymmetry, Loss Aversion, and Forecasting* [PDF]
Conditional volatility models have been used extensively in finance to capture predictable variation in the second moment of returns. However, with recent theoretical literature emphasizing the loss-averse nature of agents, this paper considers models that capture time variation in the second lower partial moment.
Bond, Shaun A., Satchell, Stephen E.
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Journal of Economic Theory, 2005
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Köbberling, V., Wakker, P.P.
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Köbberling, V., Wakker, P.P.
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Loss aversion equilibrium [PDF]
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Journal of Risk and Uncertainty, 2005
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Brooks, Peter +1 more
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Brooks, Peter +1 more
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Loss Aversion and Bargaining [PDF]
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The attention–aversion gap: how allocation of attention relates to loss aversion
Loss aversion is often assumed to be a basic and far-reaching psychological regularity in behavior. Yet empirical evidence is accumulating to challenge the assumption of widespread loss aversion in choice.
Tomáš Lejarraga +2 more
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Loss aversion on the phone [PDF]
We analyze consumer switching between mobile tariff plans using consumer-level panel data. Consumers receive reminders from a specialist price-comparison website about the precise amount they could save by switching to alternative plans. We find that the effect on switching of being informed about potential savings is positive and significant ...
Christos Genakos +2 more
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An Experimental Test of Loss Aversion
Journal of Risk and Uncertainty, 2002zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Schmidt, Ulrich, Traub, Stefan
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