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What is Boundaries of Loss Aversion Explained about?

The document discusses boundaries of loss aversion based on psychological principles, proposing that goods given up "as intended" do not exhibit loss aversion. It reviews past research on loss aversion that found asymmetries in valuation of gains versus losses. Several experiments are presented that provide preliminary support for hypotheses about when loss aversion applies and its boundaries in risky and riskless choice contexts.

Author

Abhijeet Nagpal

Language

EN