Results 61 to 70 of about 27,143 (245)
Judgment and Decision Making, 2008 This study employs a Discrete Choice Experiment (DCE) in the health-care sector to test the loss aversion theory that is derived from reference-dependent preferences: The absolute subjective value of a deviation from a reference point is generally ...
Einat Neuman, Shoshana Neuman
doaj +1 more source
Exploring the Nature of Loss Aversion [PDF]
SSRN Electronic Journal, 2006 Loss aversion, the fact that losses have a greater impact than gains, is a fundamental property of behavioral accounts of choice. In this paper, we suggest four possible characterizations of the relative impact of losses and gains: (1) It could be a constant, such as the much cited value of 2, as in losses have twice the impact of gains.
Eric Johnson +2 more
openaire +3 more sources
Farmers' Preferences for Gene Editing Crops and Influencing Factors
Applied Economic Perspectives and Policy, EarlyView.ABSTRACT Gene editing (GE) is gaining momentum worldwide, but limited data on UK farmers' preferences hinders our understanding of its potential impact amid deregulation debates. Based on a survey of 200 English arable farmers, we employ a Latent Class Analysis and Multinomial Logit regressions to investigate current preferences for GE crops.
Bertolozzi‐Caredio Daniele +1 more
wiley +1 more source
Losses Motivate Cognitive Effort More Than Gains in Effort-Based Decision Making and Performance
Frontiers in Human Neuroscience, 2020 Human behavior is more strongly driven by the motivation to avoid losses than to pursue gains (loss aversion). However, there is little research on how losses influence the motivation to exert effort.
Stijn A. A. Massar +3 more
doaj +1 more source
Auctions with loss‐averse bidders [PDF]
International Journal of Economic Theory, 2018 AbstractIf bidders consider gains and losses in the context of whether they receive the object or not and how much they pay separately, the expected revenue is higher in the all‐pay auction than in the first‐price auction; if they consider gains and losses over the entire risk‐neutral payoff, this revenue ranking is reversed. In laboratory experiments,
Eisenhuth, Roland, Grunewald, Mara
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Applied Economic Perspectives and Policy, EarlyView.ABSTRACT We conducted two framed field economic experiments with citrus farmers in Florida, United States and soybean farmers in Argentina to investigate their willingness to coordinate pest and weed management efforts. Despite the contrast between these two agricultural contexts, we find striking behavioral commonalities.
Ariel Singerman, Sergio H. Lence
wiley +1 more source
Low Participation and Risk Reduction Potential of Supplemental Crop Insurance in the United States
Applied Economic Perspectives and Policy, EarlyView.ABSTRACT Federally subsidized crop insurance is a cornerstone of U.S. farm risk management, yet policies with the greatest share of participation only trigger indemnities after losses exceed 15%. Supplemental insurance was introduced to cover part of this deductible, but participation remains largely unchanged.
Francis Tsiboe +2 more
wiley +1 more source
Managing Risk Aversion & Loss Aversion in Later Life Gender Transitions
Social SciencesRisk and loss aversion are key forms of behavioral decision-making describing how people weigh potential gains and losses. Although most of the literature on risk and loss aversion comes from the field of behavioral economics, these concepts are ...
E. Diane Stapleton, Jamie D. Agapoff
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The Loss-Averse Newsvendor Problem with Random Yield and Reference Dependence
Mathematics, 2020 This paper studies a loss-averse newsvendor problem with reference dependence, where both demand and yield rate are stochastic. We obtain the loss-averse newsvendor’s optimal ordering policy and analyze the effects of loss aversion, reference dependence,
Wei Liu +4 more
doaj +1 more source
Delaying the Inevitable? U.S. Screwworm Closures and Feeder Cattle Market Dynamics
Applied Economic Perspectives and Policy, EarlyView.ABSTRACT Biosecurity trade restrictions are commonly framed as preventive measures, yet in many settings they function primarily as policies of delay: they impose immediate market costs while only postponing the arrival of biological risks. This paper evaluates that intertemporal tradeoff using the 2024–2025 US suspension of live cattle imports from ...
Shelby Sumner +3 more
wiley +1 more source