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Interesting how their review omits the paper that has conducted the most direct test of loss aversion:

https://pubsonline.informs.org/doi/abs/10.1287/mnsc.1070.071...

Also they claim the body of evidence doesn’t find support for loss aversion. But a meta analysis on the topic does in fact find support for loss aversion (albeit the magnitude is probably smaller than originally thought):

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3189088




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