HIGH AND LOW LOSS AVERSION UNIVERSITY STUDENTS – THEIR BELIEFS, VALUES, IDENTIFICATIONS, RELATIONS TO ONESELF AND TO THE OTHERS

• Authors: Viera Bačová , Lucia Danková
• Languages of publication: EN

Abstracts

EN

The aim of the paper was to reveal the personality dimensions of loss aversion. The authors searched the differences in beliefs, values, identifications, evaluation of oneself and others in university students who expressed high sensitivity to loss in decision making and those who expressed low loss aversion. From 133 students (mean age 21.1, SD = 1.54; 43 men, 90 women) the majority showed loss aversion. A few students (N = 18) who showed low loss aversion differed from the very high loss averse students (N = 32) by using different criteria for evaluating themselves and others, by unstableness and ambivalence of these evaluations, and by contra-identifications. Moreover, they disapproved of high-risk professions (such as racing drivers, gamblers and boxers) less than very high loss aversion students did. The results imply loss aversion as a personal characteristic that is interconnected with values and interpersonal relations of a person.

Keywords

EN

LOSS AVERSION; BELIEFS; IDENTIFICATIONS; RELATIONS; UNIVERSITY; STUDENTS

• Publisher: Institute of Experimental Psychology, Slovak Academy of Sciences
• Journal: Studia Psychologica
• Year: 2011
• Volume: 53
• Issue: 4
• Pages: 313 – 326

Contributors

author

Viera Bačová

• Ústav experimentálnej psychológie SAV, Dúbravská cesta 9, 813 64 Bratislava, Slovak Republic

author

Lucia Danková