{"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/"}]}