Study on the Newsboy Containing Defective Products with Loss Probability Aversion and Loss Aversion
نویسندگان
چکیده
منابع مشابه
Loss aversion and perceptionally risk aversion
This paper analyzes, for S-shaped value functions, the relations between loss aversion and perceptionally risk aversion (i.e. computed with the perceived probability weights) in Cumulative Prospect Theory . We show that perceptionally risk aversion for mixed sign lotteries is equivalent to weak (or strong) loss aversion, so this is the right assumption to get a sensible behavior towards risk. T...
متن کاملAsset Pricing with Loss Aversion∗
Using standard preferences for asset pricing has not been very successful in matching asset price characteristics such as the risk-free interest rate, equity premium and the Sharpe ratio to time series data. Behavioral finance has recently proposed more realistic preferences such as those with loss aversion. Research is starting to explore the implications of behaviorally founded preferences fo...
متن کاملMyopic Loss Aversion Revisited
In this paper we reexamine several experimental papers on myopic loss aversion by analyzing individual rather than aggregate choice patterns. We find that the behavior of the majority of subjects is inconsistent with the hypothesis of myopic loss aversion.
متن کاملLoss aversion equilibrium
The Nash equilibrium solution concept for games is based on the assumption of expected utility maximization. Reference dependent utility functions (in which utility is determined not only by an outcome, but also by the relationship of the outcome to a reference point) are a better predictor of behavior than expected utility. In particular, loss aversion is an important element of such utility f...
متن کاملThe Boundaries of Loss Aversion
Vol. XLII (May 2005), 119–128 119 *Nathan Novemsky is Assistant Professor of Marketing, School of Management, Yale University (e-mail: [email protected]). Daniel Kahneman is Eugene Higgins Professor of Psychology, Psychology Department, Woodrow Wilson School, Princeton University (e-mail: [email protected]). The authors thank On Amir, Dan Ariely, Ravi Dhar, Shane Frederick, Joel Hub...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: DEStech Transactions on Social Science, Education and Human Science
سال: 2018
ISSN: 2475-0042
DOI: 10.12783/dtssehs/aeme2017/18522