FROMANNUAL REVIEWS

CogSci 2025

•

July 31, 2025

•

San Francisco, United States

keywords:

computational modeling

decision making

psychology

This study investigates how different modeling approaches affect the measurement of loss aversion, a fundamental concept in psychology and economics. Analyzing 10 datasets comprising over 140,000 trials from 686 participants, we compared four prominent methods: Maximum Likelihood Estimation with Prospect Theory, Bayesian Prospect Theory, Generalized Linear Models, and Drift Diffusion Models. While group-level median loss aversion estimates showed consistency across methods, significant differences emerged at the individual level. The analysis revealed substantial individual-level methodological variability in both the magnitude of loss aversion estimates and participant classification. These findings demonstrate the impact of methodological choices on loss aversion measurement and underscore the need for careful consideration when comparing results across studies using different estimation techniques.

Downloads

SlidesPaperTranscript English (automatic)

Next from CogSci 2025

Visual Theory of Mind Enables the Invention of Proto-Writing
technical paper

Visual Theory of Mind Enables the Invention of Proto-Writing

CogSci 2025

Benjamin Spiegel and 2 other authors

31 July 2025

Similar lecture

A Meta-analysis of Age-related effect on Loss Aversion
poster

A Meta-analysis of Age-related effect on Loss Aversion

CogSci 2025

Mehak Gupta and 1 other author

01 August 2025

Stay up to date with the latest Underline news!

Select topic of interest (you can select more than one)

PRESENTATIONS

  • All Presentations
  • For Librarians
  • Resource Center
  • Free Trial
Underline Science, Inc.
1216 Broadway, 2nd Floor, New York, NY 10001, USA

© 2026 Underline - All rights reserved

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.