Does your gain define my loss?: Socially-defined counterfactual loss and prevention-focused decision-making

Volume: 160, Pages: 109926
Published: Jul 1, 2020
Abstract
null null How do individual differences in motivation relate to risky decision-making? The objective of the present study was to explore this question within a real-world situation in which participants invested in Bitcoin, a risky asset. The article focuses on cases of a socially-defined counterfactual loss—situations in which the people in one's social context experience a gain, which functions as a new reference point against which the...
Paper Details
Title
Does your gain define my loss?: Socially-defined counterfactual loss and prevention-focused decision-making
Published Date
Jul 1, 2020
Volume
160
Pages
109926
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