Analyzing loss aversion and diminishing sensitivity in a freight transport stated choice experiment

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Revisiting reference point formation, gains-losses asymmetry and non-linear sensitivities with an emphasis on attribute specific treatment (2012, background): “Examples from a transport setting include112 De Borger and Fosgerau (2008), Hess et al. (2008), Hess (2008), Masiero and Hensher (2010).113 These studies illustrate that there are indeed important differences between evaluations of im-114 provements and deteriorations from a respondent’s current…”