title: How to make loss aversion disappear and reverse: tests of the decision by sampling origin of loss aversion.
abstract: One of the most robust empirical findings in the behavioral sciences is loss aversion--the finding that losses loom larger than gains. We offer a new psychological explanation of the origins of loss aversion in which loss aversion emerges from differences in the distribution of gains and losses people experience. In 4 experiments, we tested this proposition by manipulating the range of gains and losses that individuals saw during the process of eliciting their loss aversion. We were able to find loss aversion, loss neutrality, and even the reverse of loss aversion.
authors.affiliation: Department of Psychology.
authors.forename: Lukasz
authors.initials: L
authors.lastname: Walasek
authors.affiliation: Department of Psychology.
authors.forename: Neil
authors.initials: N
authors.lastname: Stewart
mesh_terms: D000339:Affect; D001288:Attention; D001362:Avoidance Learning; D003657:Decision Making; D006040:Goals; D006801:Humans; D008297:Male; D009042:Motivation; D017008:Negotiating; D012054:Reinforcement, Psychology; D012193:Reversal Learning; D012718:Set, Psychology