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{
    "pk": 50400,
    "title": "A Meta-analysis of Age-related effect on Loss Aversion",
    "subtitle": null,
    "abstract": "Prospect Theoretic Loss aversion (λ) suggests we overvalue losses compared to gains during decision making but the influence of age on loss aversion is unclear. We conducted a random-effects meta-analysis on 7 studies that measured loss aversion and the age of participants. The pooled estimate (β=0.0886, 95%CI [0.0087 0.1686] revealed an effect of age on loss aversion. Considering age as continuous (n=1103, 5 studies; β = -0.005233, t= -2.511, p = 0.0122) or categorical (n=1856, 8 studies; β=0.00856, t= 0.111, p = 0.912) reflected substantial differences. Dividing participants broadly (< 46 and > 45 years) to explore differences in estimates of loss aversion (λ>1, λ =1, λ<1), also found significant differences, X2 (2, 1856)=7.5362, p = 0.0231. These findings underscore the veracity of meta-analysis for advancing and explicating previously underexplored aspects of decision theory.",
    "language": "eng",
    "license": {
        "name": "",
        "short_name": "",
        "text": null,
        "url": ""
    },
    "keywords": [
        {
            "word": "Psychology; Behavioral Science; Cognitive development; Decision making"
        }
    ],
    "section": "Member Abstracts with Poster Presentation",
    "is_remote": true,
    "remote_url": "https://escholarship.org/uc/item/5ww0n6wx",
    "frozenauthors": [
        {
            "first_name": "Mehak",
            "middle_name": "",
            "last_name": "Gupta",
            "name_suffix": "",
            "institution": "Indian Institute of Technology Delhi",
            "department": ""
        },
        {
            "first_name": "Sumitava",
            "middle_name": "",
            "last_name": "Mukherjee",
            "name_suffix": "",
            "institution": "Indian Institute of Technology Delhi",
            "department": ""
        }
    ],
    "date_submitted": null,
    "date_accepted": null,
    "date_published": "2025-01-01T18:00:00Z",
    "render_galley": null,
    "galleys": [
        {
            "label": "PDF",
            "type": "pdf",
            "path": "https://journalpub.escholarship.org/cognitivesciencesociety/article/50400/galley/38362/download/"
        }
    ]
}