Loss Aversion

Business, Legal & Accounting Glossary

Definition: Loss Aversion


Loss Aversion

Quick Summary of Loss Aversion


The tendency for individuals to prefer avoiding losses rather than accruing gains. The theory was first introduced in 1979 by Kahneman and Tversky under the assumption that losses have a larger impact on preferences than that of the advantages of gains.



Video Guide For Loss Aversion




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, from PayrollHeaven.com website: https://payrollheaven.com/define/loss-aversion/

Definition Sources


Definitions for Loss Aversion are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 22nd November, 2021 | 0 Views.