Daniel Kahneman ↔ Loss aversion

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cross_type 2.32 — strongly supporting 3 facts

Daniel Kahneman is a co-developer of Prospect Theory, which introduced the concept of loss aversion [1], [2]. He is widely cited as the primary researcher who defined and explored the psychological implications of this cognitive bias in economic decision-making [3], [4].

Facts (3)

Sources

The Impact of Cognitive Biases on Professionals' Decision-Making frontiersin.org Frontiers in Psychology 1 fact

claimThe disposition effect is typically related to loss aversion, a concept defined by Kahneman and Tversky (1979).

The Psychology Behind Financial Choices: The Role of Cognitive ... tutoring.hsa.net Satvik Agarwal · HSA Tutoring 1 fact

claimLoss aversion, a cognitive bias where individuals experience a more significant emotional impact from losses than from equivalent gains or profits, plays a crucial role in personal economic decisions (Kahneman, 2011).

Behavioral Economics: Everyday Biases That Shape Money Choices verifiedinvesting.com Verified Investing 1 fact

claimProspect Theory, developed by Daniel Kahneman and Amos Tversky, asserts that people experience loss aversion, where the pain of losing money outweighs the pleasure of winning an equivalent amount.