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

Journal Article (Journal Article)

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

Full Text

Duke Authors

Cited Authors

  • Seaman, KL; Green, MA; Shu, S; Samanez-Larkin, GR

Published Date

  • June 2018

Published In

Volume / Issue

  • 33 / 4

Start / End Page

  • 654 - 659

PubMed ID

  • 29771547

Pubmed Central ID

  • PMC6002928

Electronic International Standard Serial Number (EISSN)

  • 1939-1498

International Standard Serial Number (ISSN)

  • 0882-7974

Digital Object Identifier (DOI)

  • 10.1037/pag0000261

Language

  • eng