Home Studia Psychologica 2011 Studia Psychologica Vol.53, No.4, p.313-326, 2011

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Studia Psychologica Vol.53, No.4, p.313-326, 2011

Title: HIGH AND LOW LOSS AVERSE UNIVERSITY STUDENTS – THEIR BELIEFS, VALUES, IDENTIFICATIONS, RELATIONS TO ONESELF AND OTHERS
Author: Viera BAČOVÁ, Lucia DANKOVÁ

Abstract: 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 averse students did. The results imply loss aversion being a personal characteristic that is interconnected with values and interpersonal relations of a person.

Keywords: loss aversion, beliefs, identifications, relations to self and others
Year: 2011, Volume: 53, Issue: 4 Page From: 313, Page To: 326

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