Law, psychology, and morality [electronic resource] : the role of loss aversion / Eyal Zamir.

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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Bibliographic Details

Online Access:	Full Text (via Oxford)
Main Author:	Zamir, Eyal (Author)
Other title:	Oxford scholarship online.
Format:	Electronic eBook
Language:	English
Published:	New York : Oxford University Press, 2014.
Subjects:	Law and economics. Economics > Psychological aspects. Actions and defenses > Psychological aspects. Loss aversion. Cognitive psychology.