Three Cheers—Psychological, Theoretical, Empirical—for Loss Aversion

By Colin F. Camerer. 2005

311 citations recorded by the source corpus.

Subfields: General Decision Sciences, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/d5bdf4668b648d40c042487de9de3e4ebbd6d1f4

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In General Decision Sciences

In Sociology and Political Science

Citations in the corpus

Decisions Under Uncertainty: Psychological, Economic, and Neuroeconomic Explanations of Risk Preference (2009, background): “Empirical studies have consistently confirmed loss aversion as an important aspect of human choice behavior ( Rabin, 1998 ; Camerer, 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).”
Choosing Outcomes versus Choosing Products: Consumer‐Focused Retirement Investment Advice (2008, background): “For all retirement distributions, median is 6.1, consistenta with economic estimates in the range from 1 to 10 or higher (Blake 1996; Brav, Constantinides, and Geczy 2002; Campbell 1996; Friend and Blume 1975; Mehra and Prescott 1985).”
Modeling the Psychology of Consumer and Firm Behavior with Behavioral Economics (2006, background): “-INSERT TABLE 2 HERELike other concepts in economic theory, reference-dependence and loss aversion appears to be general in that it spans domains of data (field and experimental) and many types of choices (see Camerer 2001; 2005).”
Why bad feelings predict good behaviours: The role of positive and negative anticipated emotions on consumer ethical decision making (2019, background): “…to loss aversion theory, individuals are more sensitive to losses than to commensurate gains (Abdellaoui et al., 2007; Brenner et al., 2007; Camerer, 2005), and therefore, in the context of the current study, appeared more sensitive to potential negative future emotions than to potential…”
Understanding customers' repeat purchase intentions in B2C e‐commerce: the roles of utilitarian value, hedonic value and perceived risk (2014, background): “Prospect theory has been applied to modelling and predicting consumer behaviour (Camerer, 2005) and examining how the evaluation of losses and gains affects online shopping (Chen & Liang, 2006).”
A randomized controlled trial of financial incentives for weight loss (2008, background): “Critical to using loss aversion to motivate behavior is the concept of decision isolation; people react so powerfully to small losses and gains in part because they consider them in isolation and fail to integrate them psychologically with the often much larger fluctuations in income arising from wo”
Effect of general risk on trust, satisfaction, and recommendation intention for halal food (2019, background): “Prospect theory identifies consumer behavior via various aspects of real life decisions (Camerer, 2005).”
The Loss of Loss Aversion: Will It Loom Larger Than Its Gain? (2018, unknown): “It has been celebrated (“Three Cheers—Psychological, Theoretical, Empirical—for Loss Aversion”; Camerer, 2005), recognized as a “seemingly ubiquitous phenomenon” (Novemsky & Kahneman, 2005), and described as “one of the most fundamental and well-documented biases in information processing. . .”…”
Risk Aversion in the Laboratory (2008, background): “At the very least, it is premature to proclaim ‘‘three cheers’’ for loss aversion (Camerer, 2005).”
Trust: An Integrative Review from a Person–Situation Perspective (2015, background): “Nonetheless, like risk aversion, loss aversion has also been linked to anxiety-related traits (Bibby & Ferguson, 2011) as well as to fear (Camerer, 2005; McCarter, Rockmann, & Northcraft, 2010).”