{"id":"https://openalex.org/W24159109","doi":null,"title":"Loss aversion and perceptional risk aversion","display_name":"Loss aversion and perceptional risk aversion","publication_year":2004,"publication_date":"2004-01-01","ids":{"openalex":"https://openalex.org/W24159109","mag":"24159109"},"language":"en","primary_location":{"id":"pmh:oai:econstor.eu:10419/87107","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10419/87107","pdf_url":"http://hdl.handle.net/10419/87107","source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"doc-type:workingPaper"},"volume":null,"type":"report","indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"http://hdl.handle.net/10419/87107","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5011076536","display_name":"Mario Maggi","orcid":"https://orcid.org/0000-0002-7233-4443","observed_orcids":["https://orcid.org/0000-0002-7233-4443"]},"institutions":[{"id":"https://openalex.org/I123338534","display_name":"Universit\u00e0 degli Studi del Piemonte Orientale \u201cAmedeo Avogadro\u201d","ror":"https://ror.org/04387x656","country_code":"IT","type":"education","lineage":["https://openalex.org/I123338534"]}],"countries":["IT"],"is_corresponding":true,"raw_author_name":"Mario Maggi","raw_affiliation_strings":["University of Eastern Piedmont,"],"raw_orcid":"https://orcid.org/0000-0002-7233-4443","affiliations":[{"raw_affiliation_string":"University of Eastern Piedmont,","institution_ids":["https://openalex.org/I123338534"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5011076536"],"corresponding_institution_ids":["https://openalex.org/I123338534"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":0,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10646","display_name":"Experimental Behavioral Economics Studies","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/3311","display_name":"Safety Research"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/loss-aversion","display_name":"loss aversion","score":1.0},{"id":"https://openalex.org/keywords/cumulative-prospect-theory","display_name":"cumulative prospect theory","score":0.7730000019073486},{"id":"https://openalex.org/keywords/probability-weighting","display_name":"probability weighting","score":0.6330000162124634},{"id":"https://openalex.org/keywords/electricity-sector","display_name":"electric utilities","score":0.5709999799728394},{"id":"https://openalex.org/keywords/risk-preferences","display_name":"risk preferences","score":0.4830000102519989},{"id":"https://openalex.org/keywords/probability-distortion","display_name":"probability distortion","score":0.6520000100135803}],"concepts":[{"id":"https://openalex.org/C129915516","wikidata":"https://www.wikidata.org/wiki/Q17083550","display_name":"Risk aversion (psychology)","level":3,"score":0.7737534046173096},{"id":"https://openalex.org/C2778174566","wikidata":"https://www.wikidata.org/wiki/Q2874240","display_name":"Loss aversion","level":2,"score":0.6710503101348877},{"id":"https://openalex.org/C139676723","wikidata":"https://www.wikidata.org/wiki/Q1193832","display_name":"Sign (mathematics)","level":2,"score":0.5493414998054504},{"id":"https://openalex.org/C126780896","wikidata":"https://www.wikidata.org/wiki/Q899871","display_name":"Distortion (music)","level":4,"score":0.5413686037063599},{"id":"https://openalex.org/C339426","wikidata":"https://www.wikidata.org/wiki/Q1151839","display_name":"Prospect theory","level":2,"score":0.5043314695358276},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.46849948167800903},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.46243107318878174},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.361606240272522},{"id":"https://openalex.org/C205706631","wikidata":"https://www.wikidata.org/wiki/Q2319304","display_name":"Expected utility hypothesis","level":2,"score":0.30054646730422974},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.26809024810791016},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.2057403326034546},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.1686713695526123},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.12152734398841858},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.11180108785629272},{"id":"https://openalex.org/C134306372","wikidata":"https://www.wikidata.org/wiki/Q7754","display_name":"Mathematical analysis","level":1,"score":0.0},{"id":"https://openalex.org/C2776257435","wikidata":"https://www.wikidata.org/wiki/Q1576430","display_name":"Bandwidth (computing)","level":2,"score":0.0},{"id":"https://openalex.org/C31258907","wikidata":"https://www.wikidata.org/wiki/Q1301371","display_name":"Computer network","level":1,"score":0.0},{"id":"https://openalex.org/C194257627","wikidata":"https://www.wikidata.org/wiki/Q211554","display_name":"Amplifier","level":3,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:econstor.eu:10419/87107","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10419/87107","pdf_url":"http://hdl.handle.net/10419/87107","source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"doc-type:workingPaper"},{"id":"mag:24159109","doi":null,"is_oa":false,"landing_page_url":"https://www.econstor.eu/bitstream/10419/87107/1/472514512.pdf","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":{"id":"pmh:oai:econstor.eu:10419/87107","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10419/87107","pdf_url":"http://hdl.handle.net/10419/87107","source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"doc-type:workingPaper"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W24159109.pdf","grobid_xml":"https://content.openalex.org/works/W24159109.grobid-xml"},"referenced_works_count":13,"referenced_works":["https://openalex.org/W1493987831","https://openalex.org/W1537281831","https://openalex.org/W2041946752","https://openalex.org/W2099161251","https://openalex.org/W2101787895","https://openalex.org/W2107566558","https://openalex.org/W2130100150","https://openalex.org/W2133469585","https://openalex.org/W2134329578","https://openalex.org/W2141064894","https://openalex.org/W2148364085","https://openalex.org/W2165893637","https://openalex.org/W3023376117"],"related_works":["https://openalex.org/W7097182855","https://openalex.org/W2005175219","https://openalex.org/W2026265075","https://openalex.org/W7098498918","https://openalex.org/W1852307141","https://openalex.org/W4380633942","https://openalex.org/W1861910630","https://openalex.org/W2258132505","https://openalex.org/W2209850462","https://openalex.org/W2601690530"],"abstract_inverted_index":{"This":[0],"paper":[1],"analyzes,":[2],"for":[3,33],"S-shaped":[4,77],"value":[5,78],"functions,":[6],"the":[7,19,46,59,65,81],"relations":[8],"between":[9],"loss":[10,41,84],"aversion":[11,15,32,85],"and":[12],"perceptional":[13,30],"risk":[14,31],"(i.e.":[16],"computed":[17],"with":[18,92],"perceived":[20],"probability":[21,60],"weights)":[22],"in":[23],"Cumulative":[24],"Prospect":[25],"Theory.":[26],"We":[27],"show":[28,70],"that":[29],"mixed":[34],"sign":[35],"lotteries":[36],"is":[37,45,62],"equivalent":[38],"to":[39,49,88,94],"weak":[40],"aversion,":[42],"so":[43],"this":[44],"right":[47],"assumption":[48,57],"get":[50],"a":[51,71,89],"sensible":[52],"behavior":[53,91],"towards":[54],"risk.":[55,95],"No":[56],"on":[58],"distortion":[61],"needed,":[63],"beside":[64],"basic":[66],"ones.":[67],"Next":[68],"we":[69],"case":[72],"(the":[73],"widely":[74],"used":[75],"power":[76],"function)":[79],"where":[80],"lack":[82],"of":[83],"can":[86],"lead":[87],"puzzling":[90],"respect":[93]},"counts_by_year":[],"updated_date":"2026-08-29T07:29:34.045763","created_date":"2016-06-24T00:00:00"}