{"id":"https://openalex.org/W32957394","doi":"https://doi.org/10.2139/ssrn.2140880","title":"Consumption-Based Asset Pricing with Loss Aversion","display_name":"Consumption-Based Asset Pricing with Loss Aversion","publication_year":2012,"publication_date":"2012-01-01","ids":{"openalex":"https://openalex.org/W32957394","doi":"https://doi.org/10.2139/ssrn.2140880","mag":"32957394"},"language":"en","primary_location":{"id":"doi:10.2139/ssrn.2140880","doi":"https://doi.org/10.2139/ssrn.2140880","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.2140880","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SSRN Electronic Journal","raw_type":"journal-article"},"volume":null,"type":"preprint","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.2140880","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5027901390","display_name":"Marianne Andries","orcid":"https://orcid.org/0000-0002-7367-0553","observed_orcids":["https://orcid.org/0000-0002-7367-0553"]},"institutions":[{"id":"https://openalex.org/I1174212","display_name":"University of Southern California","ror":"https://ror.org/03taz7m60","country_code":"US","type":"education","lineage":["https://openalex.org/I1174212"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Marianne Andries","raw_affiliation_strings":["University of Southern California, 2250 Alcazar Street, Los Angeles, CA 90089, United States","University of Southern California"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Southern California, 2250 Alcazar Street, Los Angeles, CA 90089, United States","institution_ids":["https://openalex.org/I1174212"]},{"raw_affiliation_string":"University of Southern California","institution_ids":["https://openalex.org/I1174212"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5027901390"],"corresponding_institution_ids":["https://openalex.org/I1174212"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":24,"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/T10047","display_name":"Financial Markets and Investment Strategies","score":0.98580002784729,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.98580002784729,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.004900000058114529,"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/T10067","display_name":"Stochastic processes and financial applications","score":0.003599999938160181,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/loss-aversion","display_name":"loss aversion","score":0.972000002861023},{"id":"https://openalex.org/keywords/consumption-capital-asset-pricing-model","display_name":"consumption-based asset pricing","score":0.9909999966621399},{"id":"https://openalex.org/keywords/recursive-preferences","display_name":"recursive preferences","score":0.9810000061988831},{"id":"https://openalex.org/keywords/expected-excess-returns","display_name":"expected excess returns","score":0.7870000004768372},{"id":"https://openalex.org/keywords/consumption-shocks","display_name":"consumption shocks","score":0.7149999737739563},{"id":"https://openalex.org/keywords/skewness-premium","display_name":"skewness premium","score":0.8270000219345093},{"id":"https://openalex.org/keywords/security-market-line","display_name":"security market line","score":0.9169999957084656},{"id":"https://openalex.org/keywords/cross-section-of-returns","display_name":"cross-section of returns","score":0.6740000247955322},{"id":"https://openalex.org/keywords/capital-asset-pricing-model","display_name":"capital asset pricing model","score":0.4869999885559082}],"concepts":[{"id":"https://openalex.org/C167626555","wikidata":"https://www.wikidata.org/wiki/Q5164759","display_name":"Consumption-based capital asset pricing model","level":3,"score":0.6623905301094055},{"id":"https://openalex.org/C181236170","wikidata":"https://www.wikidata.org/wiki/Q848354","display_name":"Capital asset pricing model","level":2,"score":0.6125973463058472},{"id":"https://openalex.org/C2778174566","wikidata":"https://www.wikidata.org/wiki/Q2874240","display_name":"Loss aversion","level":2,"score":0.5911095142364502},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5741075277328491},{"id":"https://openalex.org/C30772137","wikidata":"https://www.wikidata.org/wiki/Q5164762","display_name":"Consumption (sociology)","level":2,"score":0.4842533767223358},{"id":"https://openalex.org/C76178495","wikidata":"https://www.wikidata.org/wiki/Q4808784","display_name":"Asset (computer security)","level":2,"score":0.4506146013736725},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.4337364435195923},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.362423837184906},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.32767295837402344},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.18481966853141785},{"id":"https://openalex.org/C36289849","wikidata":"https://www.wikidata.org/wiki/Q34749","display_name":"Social science","level":1,"score":0.0},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.0},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0}],"mesh":[],"locations_count":6,"locations":[{"id":"doi:10.2139/ssrn.2140880","doi":"https://doi.org/10.2139/ssrn.2140880","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.2140880","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SSRN Electronic Journal","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:red:sed012:571","doi":null,"is_oa":false,"landing_page_url":"https://red-files-public.s3.amazonaws.com/meetpapers/2012/paper_571.pdf","pdf_url":"https://red-files-public.s3.amazonaws.com/meetpapers/2012/paper_571.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.645.1896","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.645.1896","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://faculty.chicagobooth.edu/workshops/finance/past/pdf/lossaversion.pdf","raw_type":"text"},{"id":"mag:2767513427","doi":null,"is_oa":false,"landing_page_url":"https://EconPapers.repec.org/RePEc:red:sed012:571","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"mag:3124573733","doi":null,"is_oa":false,"landing_page_url":"https://ideas.repec.org/p/red/sed012/571.html","pdf_url":null,"source":{"id":"https://openalex.org/S4306497806","display_name":"2012 Meeting Papers","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"2012 Meeting Papers","raw_type":null},{"id":"pmh:oai:publications.ut-capitole.fr:15405","doi":null,"is_oa":false,"landing_page_url":"http://publications.ut-capitole.fr/15405/","pdf_url":null,"source":{"id":"https://openalex.org/S4306401603","display_name":"Toulouse Capitole Publications (University Toulouse 1 Capitole)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I3131550300","host_organization_name":"Universit\u00e9 Toulouse-I-Capitole","host_organization_lineage":["https://openalex.org/I3131550300"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Monograph"}],"best_oa_location":{"id":"doi:10.2139/ssrn.2140880","doi":"https://doi.org/10.2139/ssrn.2140880","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.2140880","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SSRN Electronic Journal","raw_type":"journal-article"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":84,"referenced_works":["https://openalex.org/W109114150","https://openalex.org/W186209714","https://openalex.org/W191251271","https://openalex.org/W1501279792","https://openalex.org/W1550568028","https://openalex.org/W1574413710","https://openalex.org/W1574786337","https://openalex.org/W1575641806","https://openalex.org/W1595315522","https://openalex.org/W1968898051","https://openalex.org/W1977145788","https://openalex.org/W1986259208","https://openalex.org/W1998843460","https://openalex.org/W2003216730","https://openalex.org/W2003596378","https://openalex.org/W2020927030","https://openalex.org/W2021587752","https://openalex.org/W2022890324","https://openalex.org/W2024381812","https://openalex.org/W2034946940","https://openalex.org/W2037745646","https://openalex.org/W2041946752","https://openalex.org/W2053504955","https://openalex.org/W2062341688","https://openalex.org/W2062389098","https://openalex.org/W2066731362","https://openalex.org/W2067710930","https://openalex.org/W2068186295","https://openalex.org/W2070399597","https://openalex.org/W2072212320","https://openalex.org/W2084050624","https://openalex.org/W2086364289","https://openalex.org/W2088155659","https://openalex.org/W2093645352","https://openalex.org/W2111193193","https://openalex.org/W2113704261","https://openalex.org/W2124601071","https://openalex.org/W2126857071","https://openalex.org/W2132460543","https://openalex.org/W2133469585","https://openalex.org/W2134450406","https://openalex.org/W2137028652","https://openalex.org/W2142358731","https://openalex.org/W2142591858","https://openalex.org/W2146387535","https://openalex.org/W2147277739","https://openalex.org/W2156112315","https://openalex.org/W2162721244","https://openalex.org/W2163683534","https://openalex.org/W2164695604","https://openalex.org/W2166215547","https://openalex.org/W2166299790","https://openalex.org/W2187537406","https://openalex.org/W2553983478","https://openalex.org/W2594491737","https://openalex.org/W2889716834","https://openalex.org/W2891159187","https://openalex.org/W2891903224","https://openalex.org/W2892019190","https://openalex.org/W3009303059","https://openalex.org/W3011865677","https://openalex.org/W3021190191","https://openalex.org/W3022853033","https://openalex.org/W3023376117","https://openalex.org/W3121215239","https://openalex.org/W3121252329","https://openalex.org/W3121253679","https://openalex.org/W3121390624","https://openalex.org/W3121491933","https://openalex.org/W3122564539","https://openalex.org/W3122650759","https://openalex.org/W3122790088","https://openalex.org/W3122840724","https://openalex.org/W3122953409","https://openalex.org/W3123514476","https://openalex.org/W3123554691","https://openalex.org/W3124836277","https://openalex.org/W3124925129","https://openalex.org/W3125462118","https://openalex.org/W3126126759","https://openalex.org/W4241105032","https://openalex.org/W4248764197","https://openalex.org/W4298210739","https://openalex.org/W6635733540"],"related_works":["https://openalex.org/W2149220262","https://openalex.org/W1508050461","https://openalex.org/W3121252329","https://openalex.org/W3138056536","https://openalex.org/W7116960001","https://openalex.org/W2297464159","https://openalex.org/W2261713862","https://openalex.org/W1553711430","https://openalex.org/W2086364289","https://openalex.org/W3016110645"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2024,"cited_by_count":1},{"year":2021,"cited_by_count":2},{"year":2019,"cited_by_count":2},{"year":2017,"cited_by_count":4},{"year":2015,"cited_by_count":5},{"year":2014,"cited_by_count":4},{"year":2013,"cited_by_count":2},{"year":2012,"cited_by_count":3}],"updated_date":"2026-10-24T09:50:30.924529","created_date":"2016-06-24T00:00:00"}
