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Aversion means opposition or repugnance. The following are different forms of aversion: Ambiguity aversion; Brand aversion; Dissent aversion in the United States of America; Endowment effect, also known as divestiture aversion; Food aversion; Inequity aversion; Loss aversion; Risk aversion; Taste aversion; Work aversion; Aversion may also refer ...
Inequity aversion (IA) is the preference for fairness and resistance to incidental inequalities. [1] The social sciences that study inequity aversion include sociology, economics, psychology, anthropology, and ethology. Researchers on inequity aversion aim to explain behaviors that are not purely driven by self-interests but fairness ...
Loss aversion, where the perceived disutility of giving up an object is greater than the utility associated with acquiring it. [73] (see also Sunk cost fallacy) Pseudocertainty effect, the tendency to make risk-averse choices if the expected outcome is positive, but make risk-seeking choices to avoid negative outcomes. [74]
"A food aversion is a strong dislike for a particular food," Rebecca G. Boswell, supervising psychologist at the Princeton Center for Eating Disorders at Penn Medicine, tells Yahoo Life. "Food ...
Loss aversion is a cognitive bias that seeks to explain why people consider losses to be more significant than an equivalent gain. In the financial world, this term is used to explain why ...
Inequity is injustice or unfairness or an instance of either of the two. [1] Aversion is "a feeling of repugnance toward something with a desire to avoid or turn from it; a settled dislike; a tendency to extinguish a behavior or to avoid a thing or situation and especially a usually pleasurable one because it is or has been associated with a noxious stimulus". [2]
Risk aversion is the tendency to choose safe financial options with low returns because we’re uncomfortable with the uncertainty involved in high-reward products. Often, we make risk-averse ...
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]