Individual differences in loss aversion and preferences for skewed risks across adulthood.
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ABSTRACT:
SUBMITTER: Seaman KL
PROVIDER: S-EPMC6002928 | biostudies-literature | 2018 Jun
REPOSITORIES: biostudies-literature
Publications
Individual differences in loss aversion and preferences for skewed risks across adulthood.
Seaman Kendra L KL Green Mikella A MA Shu Stephen S Samanez-Larkin Gregory R GR
Psychology and aging 20180517 4
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 accep ...[more]
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