Law, psychology, and morality : the role of loss aversion /

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
Main Author:	Zamir, Eyal
Format:	eBook
Language:	English
Language Notes:	English.
Published:	New York : Oxford University Press, 2015.
Subjects:	Law and economics. Economics > Psychological aspects. Actions and defenses > Psychological aspects. Loss aversion. Cognitive psychology. Droit et économie politique. Économie politique > Aspect psychologique. Aversion à la perte. Psychologie cognitive. LAW > Essays. LAW > General Practice. LAW > Jurisprudence. LAW > Paralegals & Paralegalism. LAW > Practical Guides. LAW > Reference. Actions and defenses > Psychological aspects Cognitive psychology Economics > Psychological aspects Law and economics Loss aversion Law, Politics & Government. Law, General & Comparative. Electronic books.
Online Access:	Connect to the full text of this electronic book

Description
Summary:	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 aversion is related to such phenomena as the status quo and omission biases, the endowment effect, and escalation of commitment. The book systematically analyzes the relationships between loss aversion and the law.
Physical Description:	1 online resource (xviii, 258 pages)
Bibliography:	Includes bibliographical references and index.
ISBN:	9780190215064 0190215062 9780199972067 0199972060