Loss Aversion and Social Preferences

A special issue of Games (ISSN 2073-4336).

Deadline for manuscript submissions: closed (20 September 2019) | Viewed by 403

Special Issue Editors


E-Mail Website
Guest Editor
Department of Humanities, Social and Political Sciences, ETH Zurich, Zurich, Switzerland
Interests: lab and field experiments; behavioral economics; behavioral finance; environmental economics; public economics; inequality; taxation

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Guest Editor
Judge Business School, University of Cambridge, Cambridge, England
Interests: behavioral economics; experimental economics; organizational economics; labor economics

Special Issue Information

Dear Colleagues,

Loss aversion and social preferences have both been extensively studied in the available literature. Loss aversion implies that individuals evaluate outcomes based on certain reference situations, and (perceived) losses loom larger than (perceived) gains. Social preferences mean that individuals may also consider the welfare of others when making decisions. These two dimensions of preferences may often intersect. This means that, oftentimes, the decision to act pro-socially also depends on other factors, such as the outside options or the riskiness of the environment, so that loss aversion and pro-social preferences may affect decision-making simultaneously. In addition, the two phenomena may be interconnected in non-trivial ways, where one moderates the effect of the other. When individuals, for example, make decisions on behalf of others, the presence of alternative options may impact the degree of pro-sociality, and the (loss) framing may influence the outcome of decisions and even the decision process itself. The present Special Issue aims to deepen the understanding of the interplay between social preferences and loss aversion. We encourage submissions from theoretical and empirical (observational and experimental) work.

Dr. Jan Schmitz
Dr. Frédéric Schneider
Guest Editor

Manuscript Submission Information

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Keywords

  • Loss aversion
  • Social preferences
  • Risk
  • Decision making
  • Framing

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Published Papers

There is no accepted submissions to this special issue at this moment.
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