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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP9198 |
DP9198 ?At least I didn?t lose money? Nominal Loss Aversion Shapes Evaluations of Housing Transactions | |
Jean-Robert Tyran | |
发表日期 | 2012-10-28 |
出版年 | 2012 |
语种 | 英语 |
摘要 | Loss aversion is one of the most robust findings to have emerged from behavioral economics. Surprisingly little attention, however, has been devoted to nominal loss aversion, the interaction of loss aversion and money illusion. People tend to think of transactions in terms of their nominal (monetary) values. Real losses may therefore loom larger in people?s minds when they lose money than when real losses are hidden by purely nominal gains. Using a survey experiment with a large and heterogeneous sample, we show that evaluations of housing transactions are systematically biased by purely nominal gains versus losses. |
主题 | Financial Economics ; Public Economics |
关键词 | Bounded rationality Housing transactions Loss aversion Money illusion |
URL | https://cepr.org/publications/dp9198 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/538032 |
推荐引用方式 GB/T 7714 | Jean-Robert Tyran. DP9198 ?At least I didn?t lose money? Nominal Loss Aversion Shapes Evaluations of Housing Transactions. 2012. |
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