Reference-Dependent Risk Attitudes

@inproceedings{Kahneman2007ReferenceDependentRA,
  title={Reference-Dependent Risk Attitudes},
  author={Daniel Kahneman and Amos Tversky and Botond Ko�szegi and Matthew Rabin},
  year={2007}
}
Daniel Kahneman and Amos Tversky’s (1979) prospect theory, and the literature building from it, provide theories of risk attitudes based on a few regularities. Most importantly, evaluation of an outcome is influenced by how it compares to a reference point, with people exhibiting both a significantly greater aversion to losses than appreciation of gains, and a diminishing sensitivity to changes in an outcome as it moves farther from the reference point. In addition, people weight the… CONTINUE READING
Highly Influential
This paper has highly influenced 16 other papers. REVIEW HIGHLY INFLUENTIAL CITATIONS
Highly Cited
This paper has 195 citations. REVIEW CITATIONS

From This Paper

Figures, tables, and topics from this paper.
145 Citations
32 References
Similar Papers

Citations

Publications citing this paper.
Showing 1-10 of 145 extracted citations

195 Citations

0102030'07'10'13'16
Citations per Year
Semantic Scholar estimates that this publication has 195 citations based on the available data.

See our FAQ for additional information.

Similar Papers

Loading similar papers…