Quotation Stephens, Thomas Alexander, Tyran, Jean-Robert. 2013. Nominal Loss Aversion and Individual Investment Decisions. Regional ESA Conference (North America), Santa Cruz, California, Vereinigte Staaten/USA, 24.10-26.10.


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Abstract

We investigate the role of nominal loss aversion in individual investment decisions. As part of a large-scale internet experiment, we present a large, heterogeneous sample of subjects with a series of financial investment decisions. Each decision combines a real and a nominal environment. Subjects choose how much to invest, and how to allocate their investment between a relatively safe and a relatively risky option. The real scenarios include both gains and losses, with each real scenario presented as a nominal gain and a nominal loss. This design allows us to distinguish between aversion to real and aversion to nominal losses.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Paper presented at an academic conference or symposium
Language English
Title Nominal Loss Aversion and Individual Investment Decisions
Event Regional ESA Conference (North America)
Year 2013
Date 24.10-26.10
Country United States/USA
Location Santa Cruz, California
URL http://leeps.ucsc.edu/misc/page/ESA/

Associations

People
Stephens, Thomas Alexander (Former researcher)
External
Tyran, Jean-Robert (Universität Wien, Austria)
Organization
Department of Economics (Sausgruber) (Details)
Research areas (ÖSTAT Classification 'Statistik Austria')
5300 Economics (Details)
5311 Public finance (Details)
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