Law, psychology, and morality the role of loss aversion /
Prospect theory posits that people do not perceive outcomes as final states of wealth or welfare, but rather as gains or losses in relation to some reference point. People are generally loss averse: the disutility generated by a loss is greater than the utility produced by a commensurate gain. Loss...
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| Main Author: |
Zamir, Eyal, |
| Other Authors: |
Oxford Scholarship Online. |
| Format: |
eBook
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| Language: |
English
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| Published: |
New York :
Oxford University Press,
2014.
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| Physical Description: |
1 online resource.
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| Subjects: |
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