Meta-analysis of Empirical Estimates of Loss Aversion
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説明
<jats:p> Loss aversion is one of the most widely used concepts in behavioral economics. We conduct a large-scale, interdisciplinary meta-analysis to systematically accumulate knowledge from numerous empirical estimates of the loss aversion coefficient reported from 1992 to 2017. We examine 607 empirical estimates of loss aversion from 150 articles in economics, psychology, neuroscience, and several other disciplines. Our analysis indicates that the mean loss aversion coefficient is 1.955 with a 95 percent probability that the true value falls in the interval [1.820, 2.102]. We record several observable characteristics of the study designs. Few characteristics are substantially correlated with differences in the mean estimates. (JEL D81, D91) </jats:p>
収録刊行物
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- Journal of Economic Literature
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Journal of Economic Literature 62 485-516, 2020-12-22
American Economic Association
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キーワード
- bepress|Social and Behavioral Sciences|Economics
- PREFERENCES
- PUBLICATION SELECTION
- Business and Economics
- loss aversion
- CUMULATIVE PROSPECT-THEORY
- C90
- D90
- MetaArXiv|Social and Behavioral Sciences|Economics|Economic Theory
- MetaArXiv|Social and Behavioral Sciences|Economics|Behavioral Economics
- C11
- MINIMUM-WAGE
- UTILITY
- MetaArXiv|Social and Behavioral Sciences
- ECONOMICS
- ddc:330
- prospect theory
- DECISION
- SCIENCE
- D81
- meta-analysis
- BIAS
- bepress|Social and Behavioral Sciences|Economics|Behavioral Economics
- MetaArXiv|Social and Behavioral Sciences|Economics
- bepress|Social and Behavioral Sciences
- bepress|Social and Behavioral Sciences|Economics|Economic Theory
詳細情報 詳細情報について
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- CRID
- 1870303266054865536
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- ISSN
- 23288175
- 00220515
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- データソース種別
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- OpenAIRE