| v1.8.0 | (+17) /* See also */ link to [[Sunk cost fallacy]] | |||
| v1.7.0 | (+36/-36) | |||
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| v1.4.0 | (+36) | |||
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| v1.2.0 | (+12/-12) /* See also */ | |||
| v1.1.0 | (+5/-6) | |||
| v1.0.0 | (+314) Created page with '{{wikilink}} Loss aversion is [[risk aversion]]'s evil twin. A loss-averse agent tends to avoids uncertain gambles, not because every unit of money brings him a bit less utility...' |
Loss aversion is risk aversion's evil twin. A loss-averse agent tends to avoidsavoid uncertain gambles, not because every unit of money brings him a bit less utility, but because he weighs losses more heavily than gains, always treating his current level of money as somehow special.
Loss aversion is risk aversion's evil twin. A loss-averse agent tends to avoids uncertain gambles, not because every unit of money brings him a bit less utility, but because he weighs losses more heavily than gains, always treating his current level of money as somehow special.