The Boundaries of Loss Aversion

By Nathan Novemsky, Daniel Kahneman. 2005

687 citations recorded by the source corpus.

Subfields: Finance, General Decision Sciences, Safety Research

View Paper: https://www.semanticscholar.org/paper/d02510dcb76c905bc53ff4a5f5bd34ceca630afe

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Citations in the corpus

Effects of Goal Framing and Emotions on Perceived Threat and Willingness to Sacrifice for Climate Change (2017, background): “In a situation in which gains and losses of the same magnitude are compared, losses are more influential than gains in guiding behavior since people have a stronger inclination to minimize losses than to maximize gains (Kahneman & Tversky, 1979; Novemsky & Kahneman, 2005; Tversky & Kahneman, 1991).”
Modeling the Psychology of Consumer and Firm Behavior with Behavioral Economics (2006, background): “regularities (e.g. see Novemsky and Kahneman 2005 on loss aversion).”
The moderating role of governance environment on the relationship between risk allocation and private investment in PPP markets: Evidence from developing countries (2019, background): “People can experience loss aversion for goods they never owned (Novemsky and Kahneman, 2005).”
A psychological law of inertia and the illusion of loss aversion (2005, background): “This principle, named loss aversion, is commonly considered the most robust and important finding of behavioral decision theory, and has been widely hailed (Camerer, 2005) and cited as a “seemingly ubiquitous phenomenon” (Novemsky & Kahneman, 2005).”
Loss Aversion Under Prospect Theory: A Parameter-Free Measurement (2007, background): “Novemsky and Kahneman (2005) observed that risk aversion in mixed gambles involving small stakes can be attributed exclusively to loss aversion.”
Risk Aversion in the Laboratory (2008, background): “See Novemsky and Kahneman (2005a) and Camerer (2005; pp. 132, 133) for discussion of this concern, which arises most clearly in dynamic decision-making settings with path-dependent earnings.”
Over)insuring Modest Risks (2010, background): “…framework, feelings about money given up for a purchase are segregated from attitudes toward surprise losses.16 The idea is quite similar to Novemsky and Kahneman (2005), who argue that money given up as part of a transaction is a cost and does not induce the psychological pain of a loss ,…”
Reference-Dependent Risk Attitudes (2007, result): “As a key force behind this prediction, our model captures an intuition regarding the difference between “costs” and “losses” that has sometimes been articulated (e.g., in Kahneman and Tversky 1984 and Nathan Novemsky and Kahneman 2005), but has not been formalized.”
The Harm of Symbolic Actions and Green-Washing: Corporate Actions and Communications on Environmental Performance and Their Financial Implications (2012, background): “, the pleasure felt from finding $10 would be less in absolute terms as compared to the pain felt from losing $10) (Kahneman and Taversky 1984; Novemsky and Kahneman 2005).”
The price does not include additional taxes, fees, and surcharges: A review of research on partitioned pricing☆ (2016, background): “Thus, their associated mental accounting might take place on the gains side of the value function, which is concave, an issue that has received empirical support (Novemsky & Kahneman, 2005).”