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risk averse (or risk avoiding) ... The reflection effect is an identified pattern of opposite preferences between negative as opposed to positive prospects: ...
Risk aversion is a preference for a sure outcome over a gamble with higher or equal ... The following study demonstrates that the opposite pattern is also true: when ...
Daniel Kahneman, who won the 2002 Nobel Memorial Prize in Economics for his work developing prospect theory. Prospect theory is a theory of behavioral economics, judgment and decision making that was developed by Daniel Kahneman and Amos Tversky in 1979. [1]
Dvesha (Sanskrit: द्वेष, IAST: dveṣa; Pali: 𑀤𑁄𑀲, romanized: dosa; Tibetan: zhe sdang) is a Buddhist and Hindu term that is translated as "hate, aversion". [1] [2] [3] In Hinduism, it is one of the Five Poisons or kleshas. In Buddhism, Dvesha (hate, aversion) is the opposite of raga (lust, desire).
Loss aversion was popular in explaining many phenomena in traditional choice theory. In 1980, loss aversion was used in Thaler (1980) regarding endowment effect. [8] Loss aversion was also used to support the status quo bias in 1988, [9] and the equity premium puzzle in 1995. [10]
The three kleshas of ignorance, attachment and aversion are referred to as the three poisons (Skt. triviṣa; Tibetan: dug gsum) in the Mahayana tradition and as the three unwholesome roots (Pāli, akusala-mūla; Skt. akuśala-mūla) in the Theravada tradition. The Sanskrit, Pali, and Tibetan terms for each of the three poisons are as follows:
The humble dry toilet and a large-scale urban sewage system may be at opposite ends of the spectrum, but they are both solutions to the same problem. “So many people get so excited about this ...
Another possible reason is the negative correlation between risk aversion (such as the willingness to purchase insurance) and risk level (estimated beforehand based on hindsight observation of the occurrence rate for other observed claims) in the population. If risk aversion is higher among lower-risk customers, adverse selection can be reduced ...