As part of its 50th anniversary, the Journal of Economic Theory presents a that includes the 50 most influential papers the journal has published over the years. One of these selected papers is , written by Peter Wakker, Professor of Decisions under Uncertainty at Erasmus School of Economics, together with Veronika K枚bberling.
The paper introduces a convenient and widely used way to quantify loss aversion, a central new concept in modern behavioral economics. The Journal of Economic Theory is the most general-interest journal in formal economic theory. It is one of nine core journals in all of economics.
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