Loss Aversion and Skewed Financial Risk Taking across Adulthood

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Description: In a previous study, we found 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.

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In a previous study, Seaman et al., 2017, 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. Hypothesis: Assuming an increase in loss aversion with age, we predicted that loss avers...

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