loss aversion

No Evidence for Loss Aversion Disappearance and Reversal in Walasek and Stewart (2015)

Can loss aversion disappear and reverse? In this article, we show that the shifts in loss aversion reported in Walasek and Stewart (2015) are driven by an invalid experimental paradigm. After correcting this error, we do not see evidence that loss aversion is shaped by the distribution of gains and losses that people have encountered.