| Vladimir_Nesov | v1.8.0Feb 4th 2010 | (+17) /* See also */ link to [[Sunk cost fallacy]] | ||
| PeerInfinity | v1.7.0Sep 28th 2009 | (+36/-36) | ||
| PeerInfinity | v1.6.0Sep 28th 2009 | |||
| Vladimir_Nesov | v1.5.0Aug 30th 2009 | |||
| Vladimir_Nesov | v1.4.0Aug 30th 2009 | (+36) | ||
| Vladimir_Nesov | v1.3.0Aug 30th 2009 | |||
| Vladimir_Nesov | v1.2.0Aug 30th 2009 | (+12/-12) /* See also */ | ||
| steven0461 | v1.1.0Aug 30th 2009 | (+5/-6) | ||
| steven0461 | v1.0.0Aug 30th 2009 | (+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.