'Linear loss aversion preferences with a single reference point

pref_lossAv(lambda = 2, r = 0, player = 1:numPlayers, numPlayers = 2)

Arguments

lambda

factor by which losses loom larger than gains (default = 2)

r

The reference point, by default 0. Can be a vector in order to have different reference points for different players.

player

player(s) for which the preferences apply. Per default 1:2

numPlayers

number of players in game per default 2

See also