Loss aversion, decision making, elderly, aging, cognitive bias, emotional processes, risk aversion, financial psychology, health psychology
This Master's thesis project explores the increase in loss aversion in risky decision-making among the elderly, examining the impact of emotional processes and aging on cognitive biases.
[...] - Psychom. (2024). Mental health and aging. État d'Esprit Stratis. https://www.psycom.org/agir/linformation/les-brochures/ - Read, D., & Read, N. L. (2004). Time discounting over the lifespan. Organizational Behavior and Human Decision Processes, n°94 22-32. https://doi.org/10.1016/j.obhdp.2004.01.002 - Shefrin, H. (2016). Behavioral Risk Management. [...]
[...] This makes it possible to determine how loss aversion influences decision-making. Projected Discussion The analysis of loss aversion in decision-making with risk factor in individuals of different age groups using the Risky-Gains Task method highlights that older people seek more positive emotions and move away from those that are negative compared to younger people. As a result, they increase their loss aversion in risk-taking. The results are therefore consistent with the theory of perspectives by Kahneman and Tversky of 1979. [...]
[...] Édition Palgrave Macmillan, Chapter 3. - Simon, H.A. (1976), From substantive to Procedural Rationality, LATSIS S.J. Methods and Appraisal in Economics, Cambridge Mass, MIT Press, pp. 129-148. - Tison, Ph., (2023). Psychology of Aging in 40 Notions. Chapter 3. 115-118. [...]
[...] Loss aversion is calculated by the frequency of choosing the safe option minus the frequency of choosing the risky options (40 and 80). The frequency of risky choices after a gain is compared to that of risky choices after a loss. The collected data will be submitted to advanced statistical analyses, such as analysis of variance (ANOVA), to determine any potential existence of statistically significant differences between the samples, and regression models, to model the relationships between the dependent variable and the independent variables. These analyses will allow us to examine the variations in loss aversion in relation to age. [...]
[...] Siegfried Haack Consulting. https://haack.fr/le-biais-cognitif-de-laversion-a-la-perte/ - Jacus, J.-P., Bayard, S., Raffard, S., and Gély-Nargeot, M.-C. (2013). Decision-making in normal and pathological aging. Revue de neuropsychologie, n°2, volume 93-105. https://stm.cairn.info/revue-de-neuropsychologie-2013-2-page-93?lang=fr&tab=texte-integral - Kahneman, D., & Tversky, A. (1979). Prospect Theory: An Analysis of Decision under Risk. Econometrica, n° 263-291. http:///www.jstor.org/stable/1914185 - Makowski, D., Sperduti, M., Blanchet, S., Nicolas, S., & Piolino, P. (2015). Emotional regulation in the face of cognitive decline in aging: a false paradox? [...]
APA Style reference
For your bibliographyOnline reading
with our online readerContent validated
by our reading committee