Online Appendix
Meta-Analysis of Empirical Estimates of
Loss Aversion
Alexander L. Brown
Ferdinand M. Vieider
Taisuke Imai
Colin F. Camerer
Contents
A Data
1
A.1 Paper Search and Inclusion . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
A.2 Coded Variables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
A.3 Approximation and Imputation of Missing Standard Errors . . . . . . . . . . .
6
A.4 Journals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
B Coefficient of Loss Aversion
휆
11
C Bayesian Hierarchical Model
13
C.1 Modeling Framework . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13
C.2 Estimation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16
C.3 Robustness Checks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20
D Additional Figures and Tables
22
E Frequentist Meta-Analysis
30
F Peer Prediction
32
G List of Studies Included in the Meta-Analysis
34
References
46
A Data
A.1 Paper Search and Inclusion
We searched for relevant papers on the scientific citation indexing database Web of Science.
We used, after several trial-and-error to fine-tune, the following combination of query terms.
©
«
(loss AND avers
*
)
OR "loss aversion coefficient"
OR "loss aversion index"
OR ("loss avers
*
" AND ("willingness to pay" OR "willingness to accept"))
ª
®
®
®
¬
AND