TY  - BOOK
AU  - Zamir,Eyal
TI  - Law, psychology, and morality: the role of loss aversion 
SN  - 9780190215064 (ebook) :
AV  - K487.E3 Z39 2014
U1  - 340.19 23
PY  - 2014///
CY  - New York
PB  - Oxford University Press
KW  - Law and economics
KW  - Economics
KW  - Psychological aspects
KW  - Actions and defenses
KW  - Loss aversion
KW  - Cognitive psychology
N1  - Includes bibliographical references and index
N2  - 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
UR  - http://dx.doi.org/10.1093/acprof:oso/9780199972050.001.0001
ER  -