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Replication data for: The Realization Effect: Risk-Taking after Realized versus Paper Losses

Version
1
Resource Type
Dataset
Creator
  • Imas, Alex
Publication Date
2016-08-01
Description
  • Abstract

    Understanding how prior outcomes affect risk attitudes is critical for the study of choice under uncertainty. A large literature documents the significant influence of prior losses on risk attitudes. The findings appear contradictory: some studies find greater risk-taking after a loss, whereas others show the opposite—that people take on less risk. I reconcile these seemingly inconsistent findings by distinguishing between realized versus paper losses. Using new and existing data, I replicate prior findings and demonstrate that following a realized loss, individuals avoid risk; if the same loss is not realized, a paper loss, individuals take on greater risk.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.20140386 (Text)
Publications
  • Imas, Alex. “The Realization Effect: Risk-Taking After Realized Versus Paper Losses.” American Economic Review 106, no. 8 (August 2016): 2086–2109. https://doi.org/10.1257/aer.20140386.
    • ID: 10.1257/aer.20140386 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-12-06

Imas, Alex (2016): Replication data for: The Realization Effect: Risk-Taking after Realized versus Paper Losses. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E116155V1