#lossaversion — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #lossaversion, aggregated by home.social.
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The #techbroligarchs make all decisions from a place of #fear and #LossAversion.
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http://pietroortoleva.com/papers/WTA-P.pdf
3 new facts that contradict standard theories:
* the endowment effect is unrelated to #LossAversion for risky prospects;
* WTA & WTP are largely uncorrelated;
* WTA & WTP are related to different, independent features of risk preferences.
…results contradict the standard explanation of the #EndowmentEffect in #BehavioralEconomics that it is due to an asymmetry in the treatment of gains and losses is manifest in loss aversion for risky prospects.
#BoundedRationality