Correction: Quantifying loss aversion: Evidence from a UK population survey

David Blake; Edmund Cannon; Douglas Wright

doi:10.1007/s11166-025-09472-8

Correction: Quantifying loss aversion: Evidence from a UK population survey

David Blake, Edmund Cannon^*, Douglas Wright

^*Corresponding author for this work

School of Economics

Research output: Other contribution

Abstract

We report and correct a coding error in the estimates of loss aversion in Blake et al. (2021) that were based on a representative sample of just over four thousand respondents to a survey in the United Kingdom. The original headline result
was that the disutility of a loss of £500 was 2.41 times the utility of a gain of £500. The corrected result is a ratio of 1.80.

Original language	English
Type	Correction
Number of pages	3
Place of Publication	Journal of Risk and Uncertainty
Volume	71
DOIs	https://doi.org/10.1007/s11166-025-09472-8
Publication status	Published - 1 Dec 2025

Publication series

Name	Journal of Risk and Uncertainty
Publisher	Springer Netherlands
ISSN (Print)	0895-5646

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© The Author(s) 2025.

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title = "Correction: Quantifying loss aversion: Evidence from a UK population survey",

abstract = "We report and correct a coding error in the estimates of loss aversion in Blake et al. (2021) that were based on a representative sample of just over four thousand respondents to a survey in the United Kingdom. The original headline result was that the disutility of a loss of £500 was 2.41 times the utility of a gain of £500. The corrected result is a ratio of 1.80.",

author = "David Blake and Edmund Cannon and Douglas Wright",

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AU - Cannon, Edmund

AU - Wright, Douglas

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N2 - We report and correct a coding error in the estimates of loss aversion in Blake et al. (2021) that were based on a representative sample of just over four thousand respondents to a survey in the United Kingdom. The original headline result was that the disutility of a loss of £500 was 2.41 times the utility of a gain of £500. The corrected result is a ratio of 1.80.

AB - We report and correct a coding error in the estimates of loss aversion in Blake et al. (2021) that were based on a representative sample of just over four thousand respondents to a survey in the United Kingdom. The original headline result was that the disutility of a loss of £500 was 2.41 times the utility of a gain of £500. The corrected result is a ratio of 1.80.

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Correction: Quantifying loss aversion: Evidence from a UK population survey

Abstract

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