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