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Loss Aversion and Labor Supply [PDF]
In many occupations workers’ labor supply choices are constrained by institutionalnrules regulating labor time and effort provision. This renders explicit tests of the neoclassicalntheory of labor supply difficult. Here we present evidence from studies examining labornsupply responses in “neoclassical environments” in which workers are free to choose ...
Götte, Lorenz +2 more
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Decision-Making in Suicidal Behavior: The Protective Role of Loss Aversion
BackgroundLoss aversion is a central and well operationalized trait behavior that describes the tendency for humans to strongly prefer avoiding losses to making equivalent gains.
Gergö Hadlaczky +12 more
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To date, the studies on managerial loss aversion have produced contradictory findings, making it impossible to: (i) identify the ultimate impact of managerial loss aversion on the value that organisations create for themselves and for their stakeholders,
Riccardo Camilli +3 more
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Loss Aversion Reflects Information Accumulation, Not Bias: A Drift-Diffusion Model Study
Defined as increased sensitivity to losses, loss aversion is often conceptualized as a cognitive bias. However, findings that loss aversion has an attentional or emotional regulation component suggest that it may instead reflect differences in ...
Summer N. Clay +5 more
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Credibilistic Loss Aversion Nash Equilibrium for Bimatrix Games with Triangular Fuzzy Payoffs
Inspired by Shalev’s model of loss aversion, we investigate the effect of loss aversion on a bimatrix game where the payoffs in the bimatrix game are characterized by triangular fuzzy variables.
Chunsheng Cui +2 more
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School Choice and Loss Aversion [PDF]
Evidence suggests that participants in direct student-proposing deferred-acceptance mechanisms (DSPDA) play dominated strategies. To explain the observed data, we introduce expectation-based loss aversion into a school-choice setting and characterize choice-acclimating personal equilibria in DSPDA.
Meisner, Vincent, von Wangenheim, Jonas
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Subgame Perfect Equilibrium in the Rubinstein Bargaining Game with Loss Aversion
Rubinstein bargaining game is extended to incorporate loss aversion, where the initial reference points are not zero. Under the assumption that the highest rejected proposal of the opponent last periods is regarded as the associated reference point, we ...
Zhongwei Feng, Chunqiao Tan
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Green Supply Chain Management with Nash Bargaining Loss-Averse Reference Dependence
This paper investigates a two-echelon green supply chain (GSC) with a single loss-averse manufacturer and a single loss-averse retailer. Since the Nash bargaining solution exactly characterizes endogenous power and the contribution of the GSC members, it
Wentao Yi +3 more
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Impact of Consumer Loss Aversion on Operations in the Context of Remanufacturing
Loss aversion is an important psychological characteristic that has become well supported in finance and marketing. This paper introduces consumer loss aversion into the game model with two substitutable products in a remanufacturing system.
Bi-feng Liao, Bing-zhang Wang
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Loss aversion and hypoxia: less loss aversion in oxygen-depleted environment
Hypoxia, the deprivation of adequate oxygen supply, constitutes a direct threat to survival by disrupting cardiovascular or respiratory homeostasis and eliciting a respiratory distress. Although hypoxia has been shown to increase brain vulnerability and impair basic cognitive functions, only one study has examined its effect on decision-making.
Pighin, Stefania +4 more
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