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Individual differences in loss aversion and preferences for skewed risks across adulthood.

Publication ,  Journal Article
Seaman, KL; Green, MA; Shu, S; Samanez-Larkin, GR
Published in: Psychology and aging
June 2018

In a previous study, we found adult age differences in the tendency to accept more positively skewed gambles (with a small chance of a large win) than other equivalent risks, or an age-related positive-skew bias. In the present study, we examined whether loss aversion explained this bias. A total of 508 healthy participants (ages 21-82) completed measures of loss aversion and skew preference. Age was not related to loss aversion. Although loss aversion was a significant predictor of gamble acceptance, it did not influence the age-related positive-skew bias. (PsycINFO Database Record

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Published In

Psychology and aging

DOI

EISSN

1939-1498

ISSN

0882-7974

Publication Date

June 2018

Volume

33

Issue

4

Start / End Page

654 / 659

Related Subject Headings

  • Young Adult
  • Risk-Taking
  • Middle Aged
  • Male
  • Individuality
  • Humans
  • Female
  • Experimental Psychology
  • Decision Making
  • Aged, 80 and over
 

Citation

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Seaman, K. L., Green, M. A., Shu, S., & Samanez-Larkin, G. R. (2018). Individual differences in loss aversion and preferences for skewed risks across adulthood. Psychology and Aging, 33(4), 654–659. https://doi.org/10.1037/pag0000261
Seaman, Kendra L., Mikella A. Green, Stephen Shu, and Gregory R. Samanez-Larkin. “Individual differences in loss aversion and preferences for skewed risks across adulthood.Psychology and Aging 33, no. 4 (June 2018): 654–59. https://doi.org/10.1037/pag0000261.
Seaman KL, Green MA, Shu S, Samanez-Larkin GR. Individual differences in loss aversion and preferences for skewed risks across adulthood. Psychology and aging. 2018 Jun;33(4):654–9.
Seaman, Kendra L., et al. “Individual differences in loss aversion and preferences for skewed risks across adulthood.Psychology and Aging, vol. 33, no. 4, June 2018, pp. 654–59. Epmc, doi:10.1037/pag0000261.
Seaman KL, Green MA, Shu S, Samanez-Larkin GR. Individual differences in loss aversion and preferences for skewed risks across adulthood. Psychology and aging. 2018 Jun;33(4):654–659.

Published In

Psychology and aging

DOI

EISSN

1939-1498

ISSN

0882-7974

Publication Date

June 2018

Volume

33

Issue

4

Start / End Page

654 / 659

Related Subject Headings

  • Young Adult
  • Risk-Taking
  • Middle Aged
  • Male
  • Individuality
  • Humans
  • Female
  • Experimental Psychology
  • Decision Making
  • Aged, 80 and over