Work

Reflection Effect Under Different Risk Attitudes

Year: 2011

Type: article

Abstract: „Reflection effect“ means, that people are risk averse if dealing with profits and risk seeking by challenging losses (Kahneman and Tversky, 1979). The aim of the paper is to find out whether the decisions of the experiment participants differ when dealing with positive and negative prospects by choosing a preferred lottery. Standardized scale (DOSPERT) evaluating the participant willingness to take risk in different domains of life is also considered. An econometric model for predictions of the paired lottery game results depending on the risk characteristics identified within DOSPERT is estimated in the paper.

Source: Scientific Annals of Economics and Business

Authors: Vladimír Gazda, Matúš Kubák, Marek Gróf, Karolína Barinková, Michaela Žecová

Institution: Technical University of Košice

Language: English

Topic: Decision-Making and Behavioral Economics

Subfield: General Decision Sciences

Field: Decision Sciences

Domain: Social Sciences

Open Access status: diamond

OpenAlex ID: W1567828909

FWCI:

Cites: 12

Cited by: 1

Related to: 10