Gateway to Think Tanks
来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w30243 |
来源ID | Working Paper 30243 |
Looming Large or Seeming Small? Attitudes Towards Losses in a Representative Sample | |
Jonathan Chapman; Erik Snowberg; Stephanie W. Wang; Colin Camerer | |
发表日期 | 2022-07-18 |
出版年 | 2022 |
语种 | 英语 |
摘要 | We measure individual-level loss aversion using three incentivized, representative surveys of the U.S. population (combined N=3,000). We find that around 50% of the U.S. population is loss tolerant, with many participants accepting negative-expected-value gambles. This is counter to earlier findings—which mostly come from lab/student samples—and expert predictions that 70-90% of participants are loss averse. Consistent with the difference between our study and the prior literature, loss aversion is more prevalent in people with high cognitive ability. Loss-tolerant individuals are more likely to report recent gambling and to have experienced financial shocks. These results support the general hypothesis that individuals value gains and losses differently, although the tendency in a large proportion of the population to emphasize gains over losses is an overlooked behavioral phenomenon. |
主题 | Econometrics ; Data Collection ; Experimental Design ; Microeconomics ; Behavioral Economics ; Economics of Information |
URL | https://www.nber.org/papers/w30243 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/587915 |
推荐引用方式 GB/T 7714 | Jonathan Chapman,Erik Snowberg,Stephanie W. Wang,et al. Looming Large or Seeming Small? Attitudes Towards Losses in a Representative Sample. 2022. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w30243.pdf(581KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。