My da|ra Login

Detailed view

metadata language: English

Replication data for: Loss Aversion and Consumption Choice: Theory and Experimental Evidence

Version
V0
Resource Type
Dataset
Creator
  • Karle, Heiko
  • Kirchsteiger, Georg
  • Peitz, Martin
Publication Date
2015-04-01
Description
  • Abstract

    We analyze a consumer-choice model with price uncertainty, loss aversion, and expectation-based reference points. The implications of this model are tested in an experiment in which participants have to make a consumption choice between two sandwiches. Participants differ in their reported taste for the two sandwiches and in their degree of loss aversion, which we measure separately. We find that more-loss-averse participants are more likely to opt for the cheaper sandwich, in line with theoretical predictions. The estimates in the model with rational expectations are slightly more significant than those with naïve expectations. (JEL D11, D12, D84, M31)
Availability
Download
Relations
  • Is supplement to
    DOI: 10.1257/mic.20130104 (Text)
Publications
  • Karle, Heiko, Georg Kirchsteiger, and Martin Peitz. “Loss Aversion and Consumption Choice: Theory and Experimental Evidence.” American Economic Journal: Microeconomics 7, no. 2 (May 2015): 101–20. https://doi.org/10.1257/mic.20130104.
    • ID: 10.1257/mic.20130104 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-13

Karle, Heiko; Kirchsteiger, Georg; Peitz, Martin (2015): Replication data for: Loss Aversion and Consumption Choice: Theory and Experimental Evidence. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E114322