@TechReport{iza:izadps:dp8309, author={Morrison, William G. and Oxoby, Robert J.}, title={Loss Aversion in the Laboratory}, year={2014}, month={Jul}, institution={Institute of Labor Economics (IZA)}, address={Bonn}, type={IZA Discussion Paper}, number={8309}, url={https://www.iza.org/index.php/publications/dp8309}, abstract={We report the results of a laboratory experiment testing for the existence of loss aversion in a standard risk aversion protocol (Holt and Laury, 2002). In our experiment, participants earn and retain money for a week before using it in an incentivized risk preference elicitation task. We find loss aversion, distinct from risk aversion, has a significant effect on behavior resulting in participants requiring higher compensation to bear risk.}, keywords={risk aversion;loss aversion;experiments}, }