000 01514nam a22001577a 4500
999 _c527454
_d527454
008 240830b ||||| |||| 00| 0 eng d
100 _aBrown, Alexander L. et al
_958992
245 _aMeta-analysis of empirical estimates of loss aversion
260 _aJournal of Economic Literature
300 _a62(2), Jun, 2024: p.485-516
520 _aLoss 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.- Reproduced https://www.aeaweb.org/articles?id=10.1257/jel.20221698
650 _aLoss Aversion, Behavioral Economics, Meta-Analysis, Empirical Estimates, Loss Aversion Coefficient, Interdisciplinary Research, Study Design Characteristics, Economics, Psychology, Neuroscience, Risk Preferences, Decision-Making Under Uncertainty
_957646
773 _aJournal of Economic Literature
906 _aBEHAVIORAL ECONOMICS
942 _cAR