Contingent gains and losses in a risk taking situation

1964 ◽  
Author(s):  
Jerome L. Myers ◽  
Mary M. Suydam ◽  
Blase Gambino
Keyword(s):  
Risk Taking ◽  
Gains And Losses

The Effect of Contingent Gains and Losses on Children's Risk-Taking Behavior

1969 ◽  
Vol 40 (1) ◽  
pp. 245
Author(s):  
Marcia Rosenfeld ◽  
Beatrice Copeland ◽  
Mary M. Suydam
Keyword(s):  
Risk Taking ◽  
Risk Taking Behavior ◽  
Gains And Losses

scholarly journals Institutional Investors, Past Performance, and Dynamic Loss Aversion

2009 ◽  
Vol 44 (1) ◽  
pp. 155-188 ◽  
Author(s):  
Paul G. J. O’Connell ◽  
Melvyn Teo
Keyword(s):  
Risk Taking ◽  
Loss Aversion ◽  
Institutional Investors ◽  
Disposition Effect ◽  
Past Performance ◽  
Increase Risk ◽  
Reduce Risk ◽  
Proprietary Database ◽  
Dynamic Loss ◽  
Gains And Losses

AbstractUsing a proprietary database of currency trades, this paper explores the effects of trading gains and losses on risk-taking among large institutional investors. We find that institutional investors, unlike individuals, are not prone to the disposition effect. Instead, institutions aggressively reduce risk following losses and mildly increase risk following gains. This asymmetry is more pronounced later in the calendar year and among older and more experienced funds. We show that such performance dependence is consistent with dynamic loss aversion (Barberis, Huang, and Santos (2001)) and overconfidence. In addition, prior institutional gains and losses have palpable implications for future prices.

Contingent gains and losses in a risk-taking situation

1965 ◽  
Vol 2 (2) ◽  
pp. 363-370 ◽  
Author(s):  
Jerome L. Myers ◽  
Mary M. Suydam ◽  
Blase Gambino
Keyword(s):  
Risk Taking ◽  
Gains And Losses

scholarly journals A Neuropsychological Approach to Understanding Risk-Taking for Potential Gains and Losses

2012 ◽  
Vol 6 ◽  
Author(s):  
Irwin P. Levin ◽  
Gui Xue ◽  
Joshua A. Weller ◽  
Martin Reimann ◽  
Marco Lauriola ◽  
...  
Keyword(s):  
Risk Taking ◽  
Gains And Losses

RISKY CHOICES IN A RISK-TAKING EXPERIMENT: ARE SINGAPOREANS DIFFERENT FROM THE REST OF THE WORLD?

2013 ◽  
Vol 58 (03) ◽  
pp. 1350015
Author(s):  
ROLAND CHEO
Keyword(s):  
Risk Taking ◽  
Reference Group ◽  
Status Quo ◽  
Exchange Students ◽  
Risk Seeking ◽  
Risk Neutral ◽  
Seeking Behavior ◽  
Expected Payoffs ◽  
Gains And Losses ◽  
Chinese Undergraduates

This paper introduces a rich experimental environment which allows one to control for possible status quo effects as well as the "anticipatory fear of loss" inherent in gambles by framing scenarios in terms of gains and losses. A total of 162 undergraduates — Africans, Caucasians, Singaporeans and Chinese — are recruited for this study. From the risk choices that students take, we can see how Singaporeans differ from their counterparts elsewhere. The results show that Singaporeans are less risk averse than African or Caucasian exchange students. In terms of risk seeking behavior, when using Caucasians as a reference group, Singaporeans and Chinese undergraduates are also relatively more risk seeking as well. The majority of the players are risk neutral in this experiment. Singaporeans, like the Caucasians and Chinese in the sample, are all more likely to favor risk neutral strategies if their default gamble is one with higher expected payoffs.

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