loss aversion

GPTKB entity

Statements (21)
Predicate Object
gptkbp:instanceOf behavioral economics concept
gptkbp:describes tendency to prefer avoiding losses over acquiring equivalent gains
gptkbp:effect people feel losses more strongly than gains
gptkbp:firstDescribed 1979
https://www.w3.org/2000/01/rdf-schema#label loss aversion
gptkbp:influenced endowment effect
decision making
status quo bias
risk aversion
gptkbp:measures loss aversion coefficient
gptkbp:opposedBy gain seeking
gptkbp:proposedBy gptkb:Amos_Tversky
gptkb:Daniel_Kahneman
gptkbp:relatedTo prospect theory
gptkbp:studiedIn economics
psychology
gptkbp:bfsParent gptkb:Amos_Tversky
gptkb:Prospect_Theory
gptkb:Thinking,_Fast_and_Slow
gptkb:Regret
gptkbp:bfsLayer 5