BazEkon - Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie

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Autor
Krawczyk Michał (Uniwersytet Warszawski)
Tytuł
To answer or not to answer? A field test of loss aversion
Źródło
Ekonomia / Uniwersytet Warszawski, 2012, nr 29, s. 106-114, tab., bibliogr. s. 113-114
Słowa kluczowe
Awersja do strat, Eksperyment badawczy, Egzaminy
Loss aversion, Scientific experiment, Exams
Uwagi
summ.
Abstrakt
This study is a field experiment on loss aversion. The framing of scoring rules was differentiated in an exam at the University of Warsaw, with only half the students facing explicit penalty points in the case of giving an incorrect answer. Loss aversion predicts that less risk will be taken (less questions will be answered) when losses are possible but in fact, no treatment effect was observed. (original abstract)
Dostępne w
Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka Szkoły Głównej Handlowej w Warszawie
Biblioteka Główna Uniwersytetu Ekonomicznego w Poznaniu
Biblioteka Główna Uniwersytetu Ekonomicznego we Wrocławiu
Pełny tekst
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Bibliografia
Pokaż
  1. Abdellaoui, M. and Bleichrodt, H. and Paraschiv, C., 2007, "Loss aversion under prospect theory: A parameter-free measurement," Management Science Vol. 53, No. 10, p. 1659-1674.
  2. Alejos, E. and Paz, M. and Matias, G. and Javier, F., 2005, "On the strategic equivalence of multiple-choice test scoring rules: evidence from a field experiment," DFAE-II WP Series No. 20, p. 1.
  3. Andersen, S. and Harrison, G.W. and Lau, M.I. and Rutstrom, E.E., 2006, "Dynamic choice behavior in a natural experiment," University of Central Florida Depart-ment of Economics Working Paper, p. 06-10.
  4. Benartzi, S. and Thaler, R.H., 1995, "Myopic loss aversion and the equity premium puzzle," The Quarterly Journal of Economics Vol. 110, No. 1, p. 73-92.
  5. Blavatskyy, P. and Pogrebna, G., 2006, "Loss Aversion? Not with Half-a-Million on the Table!," IEW-Working Papers.
  6. Byrnes, J.P. and Miller, D.C. and Schafer, W.D., 1999, "Gender differences in risk taking: A meta-analysis," Psychological Bulletin Vol. 125, No. 3, p. 367.
  7. Camerer, C. and Rabcock, L. and Loewenstein, G. and Thaler, R., 1997, "Labor Supply of New York City Cabdrivers: One Day At A Time," The Quarterly Journal of Economics Vol. 112, No. 2, p. 407-441.
  8. De Martino, B. and Kumaran, D. and Seymour, B. and Dolan, R.J., 2006, "Frames, biases, and rational decision-making in the human brain," Science Vol. 313, No. 5787, p. 684.
  9. Ert, E. and Erev, I., 2010, "On the descriptive value ofloss aversion in decisions under risk," Harvard Business School Working Papers.
  10. Gachter, S. and Orzen, H. and Renner, E. and Starmer, C., 2009, "Are experimental economists prone to framing effects? A natural field experiment," Journal of Economic Behavior ancl Organization Vol. 70, No. 3, p. 443-446.
  11. Ganzach, Y. and Karsahi, N., 1995, "Message framing and buying behavior: A field experiment," Journal of Business Research Vol. 32, No. 1, p. 11-17.
  12. Haigh, M.S. and List, J.A., 2005, "Do professional traders exhibit myopic loss aversion? An experimental analysis," The Journal of Finance, Vol. 60, No. 1, p. 523-534.
  13. Hardie, B.G.S. and Johnson, E.J. and Fader, P.S., 1993, Modeling loss aversion and reference dependence effects on brand choice, Marketing Science, p. 378-394.
  14. Harrison, G.W. and List, J.A. and Towe, C., 2007, "Naturally occurring preferences and exogenous laboratory experiments: A case study of risk aversion," Econometrica Vol. 75, No. 2, p. 433-458.
  15. Kahneman, D., 2003, "Maps of Bounded Rationality: Psychology for Behavioral Economicst," American Economic Revieio Vol. 93, No. 5, p. 1449-1475.
  16. Kahneman, D. and Knetsch, J.L. and Thaler, R. H., 1990, "Experimental tests of the endowment effect and the Coase theorem," Journal of Political Economy Vol.?, No.?, p. 1325-1348.
  17. Krawczyk, M., 2011, "Framing in the field: a simple experiment on the reflection effect," Discussion paper.
  18. List, J., 2003, "Does Market Experience Eliminate Market Anomalies?, "The Quarterly Journal of Economics Vol. 118, No. 1, p. 41-71.
  19. Mehra, R. and Prescott, E., 1985, "The equity premium: A puzzle," Journal of Monetary Economics, Vol. 15, No. 2, p. 145-61
  20. O'Keefe, D.J. and Jensen, J.D., 2006, "The advantages of compliance or the disadvantages of noncompliance? A meta-analytic review of the relative persuasive effectiveness of gain-framed and loss-framed messages," Communication Yearbook Vol. 30, p. 1.
  21. Thaler, R.II. and Tversky, A. and Kahneman, D. and Schwartz, A., 1997, "The Effect of Myopia and Loss Aversion on Risk Taking: An Experimental Test," The Quarterly Journal of Economics Vol. 112, No. 2, p. 647-661.
  22. Tom, S.M. and Fox, C.R. and Trepel, C. and Poldrack, R.A., 2007, "The neural basis of loss aversion in decision-making under risk," Science Vol. 315, No. 5811, p. 515.
  23. Tversky, A and Kahneman, D., 1992, "Advances in prospect theory: Cumulative representation of uncertainty," Journal of Risk and Uncertainty Vol. 5, No. 4, p. 297-323.
Cytowane przez
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ISSN
0137-3056
Język
eng
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