As part of its 50th anniversary, the Journal of Economic Theory presents a special issue that includes the 50 most influential papers the journal has published over the years. One of these selected papers is An index of loss aversion, written by Peter Wakker, Professor of Decisions under Uncertainty at Erasmus School of Economics, together with Veronika Köbberling.
The paper introduces a convenient and widely used way to quantify loss aversion, a central new concept in modern behavioral economics. The Journal of Economic Theory is the most general-interest journal in formal economic theory. It is one of nine core journals in all of economics.