Anomalies: The Endowment Effect, Loss Aversion, and Status Quo Bias
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منابع مشابه
A psychological law of inertia and the illusion of loss aversion
The principle of loss aversion is thought to explain a wide range of anomalous phenomena involving tradeoffs between losses and gains. In this article, I show that the anomalies loss aversion was introduced to explain — the risky bet premium, the endowment effect, and the status-quo bias — are characterized not only by a loss/gain tradeoff, but by a tradeoff between the status-quo and change; a...
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