Nominal Loss Aversion and Individual Investment Decisions

  • Thomas Alexander Stephens (Ko-Autor*in)
  • Jean-Robert Tyran (Ko-Autor*in)

Aktivität: VortragWissenschaftlicher Vortrag (Science-to-Science)


We investigate the role of nominal loss aversion in individual investment decisions. As part of a large-scale internet experiment, we present a large, heterogeneous sample of subjects with a series of financial investment decisions. Each decision combines a real and a nominal environment. Subjects choose how much to invest, and how to allocate their investment between a relatively safe and a relatively risky option. The real scenarios include both gains and losses, with each real scenario presented as a nominal gain and a nominal loss. This design allows us to distinguish between aversion to real and aversion to nominal losses.
Zeitraum24 Okt. 201326 Okt. 2013
EreignistitelRegional ESA Conference (North America)
VeranstaltungstypKeine Angaben

Österreichische Systematik der Wissenschaftszweige (ÖFOS)

  • 502010 Finanzwissenschaft