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Abstract

We examine how physical abilities affect individuals- preferences. In particular, by incorporating social comparison into prospect theory, we directly estimate the degree of loss aversion from social comparison, a concept we term `ALJ- \textit{Avoiding Loss relative to the Joneses}. Our main findings are as follows: i the participants who choose the physical education as the best subject exhibit a greater degree of ALJ than others; ii physical fitness influences the degree of ALJ; iii gender influences social comparison preferences; iv participants with a greater degree of ALJ do not respond to voluntary questionnaire; v the form of participants- ALJ is affected by the voluntary behavior of their parents. A comparison of ALJ with loss aversion in the original prospect theory reveals that they have different characteristics.



Item Type: MPRA Paper -

Original Title: Loss aversion, social comparison and physical abilities at younge age-

Language: English-

Keywords: Loss aversion; Risk aversion; Social Comparison; Physical fitness; Voluntary participation-

Subjects: D - Microeconomics > D1 - Household Behavior and Family Economics > D12 - Consumer Economics: Empirical AnalysisC - Mathematical and Quantitative Methods > C9 - Design of Experiments > C90 - GeneralC - Mathematical and Quantitative Methods > C9 - Design of Experiments > C93 - Field Experiments-





Autor: Nakamoto, Yasuhiro

Fuente: https://mpra.ub.uni-muenchen.de/31221/







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