An Experimental Test of Loss Aversion

By Ulrich Schmidt, Stefan Traub. 2002

270 citations recorded by the source corpus.

Subfields: Economics and Econometrics, General Decision Sciences, Safety Research, Economics & Operations Research

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Citations in the corpus

Anticipating Safety Issues in E2E Conversational AI: Framework and Tooling (2021, background): “It is stronger in women (Schmidt & Traub, 2002), and in-ﬂuenced by culture (Wang et al., 2017).”
The influence of risk perception, risk tolerance, overconfidence, and loss aversion towards investment decision making (2019, background): “Previous research shows that women have a higher level of loss aversion than men (Charness & Gneezy, 2012; Schmidt & Traub, 2002) and things cause women to invest less in high-risk assets (Charness & Gneezy, 2012; Olsen & Cox, 2001).”
Loss Aversion Under Prospect Theory: A Parameter-Free Measurement (2007, methodology): “Our median estimate of the loss aversion coefficient under the definition of Wakker and Tversky (1993) is in between Schmidt and Traub (2002) and Pennings and Smidts (2003).”
A tractable method to measure utility and loss aversion under prospect theory (2008, methodology): “Schmidt and Traub (2002) U′(−x) U′(x) Money 1.43*”
A parameter-free analysis of the utility of money for the general population under prospect theory (2009, result): “The finding that females and lower educated respondents are significantly more loss averse than males is in agreement with findings in the laboratory (Brooks & Zank, 2005; Schmidt & Traub, 2002).”
An index of loss aversion (2005, background): “A comparative extension, and empirical test, of the condition are in [50,51].”
Loss Averse Behavior (2005, methodology): “A different approach for the analysis of loss aversion was presented in Schmidt and Traub (2002).”
The “bomb” risk elicitation task (2013, unknown): “…our task in order to induce a reference point at 2.5 euro in what we called 10Evidence along this line is also provided by Brooks and Zank (2005); Schmidt and Traub (2002), who find a relatively larger number of women being classified as loss averse in experimental tasks with multiple individual…”
Selfish-biased conditional cooperation: On the decline of contributions in repeated public goods experiments (2009, background): “12 If subjects take a reference point in the average, the observed adaptation might lead to an analogy of loss aversion in decision making experiments (Schmidt and Traub, 2002).”
Trust: An Integrative Review from a Person–Situation Perspective (2015, background): “…1994)—and the correspondingly elevated levels of risk aversion (Eckel & Grossman, 2008), loss aversion (e.g., Brooks & Zank, 2005; Rau, 2014; Schmidt & Traub, 2002), and Emotionality (Moshagen, Hilbig, & Zettler, 2014)—imply that women would show a reduced tendency to trust as compared to…”
Risk Preferences Around the World (2015, background): “…et al. (2006) find no gender difference in utility curvature in gains and losses, suggesting that the observed differences in risk attitudes may be driven by loss aversion (Booij and van de Kuilen 2009, Brooks and Zank 2005, Schmidt and Traub 2002) or probability weighting (Fehr-Duda et al. 2006).”