Trust is a key aspect of various social interactions. Correspondingly, trust has been heavily
studied across different scientific disciplines. However, an integration of the diverse research …

It has been shown that in certain situations losses exert a stronger effect on behavior than
respective gains, and this has been commonly explained by the argument that losses are …

This study aims to examine the effect of risk perception, risk tolerance, overconfidence, and
loss aversion on investment decision making. The sample in this study were workers in …

We present results from a large-scale international survey on risk preferences conducted in
53 countries. In all countries, we find, on average, an attitude of risk aversion in gains and of …

Prospect Theory: For Risk and Ambiguity, provides a comprehensive and accessible
textbook treatment of the way decisions are made both when we have the statistical …

This paper presents the Bomb Risk Elicitation Task (BRET), an intuitive procedure aimed at
measuring risk attitudes. Subjects decide how many boxes to collect out of 100, one of which …

Plea-bargaining literature predicts that parties strike plea bargains in the shadow of
expected trial outcomes. In other words, parties forecast the expected sentence after trial …

Agrowing body of qualitative evidence shows that loss aversion, a phenomenon formalized
in prospect theory, can explain a variety of field and experimental data. Quantifications of …

Loss aversion can occur in riskless and risky choices. We present novel evidence on both in
a non-student sample (660 randomly selected customers of a car manufacturer). We …

Based on the literature on the relationship between culture, emotion, and loss aversion, we
derive that culture can influence the degree of loss aversion. To test our hypotheses, we …