Umfang:
1 Online-Ressource (24 p)
Inhalt:
Experimental evidence suggests that people are more sensitive to losses than gains by a factor of about two. Researchers have drawn implications from loss aversion to understand various aspects of individual decisions and asset prices in financial markets. At the current stage, some ancillary assumptions have been made in deriving these implications. Loss aversion affects financial markets through affecting the risk attitudes of market participants. Taken as a whole, loss aversion is a useful ingredient in helping us understand financial markets
Anmerkung:
In: Journal of Mechanism and Institution Design, 2019, 4(1), 119 –137
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Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments August 2019 erstellt
Sprache:
Englisch
