How to make loss aversion disappear and reverse : tests of the decision by sampling origin of loss aversion

Experiment 1b is an exact replication of Experiment 1a with new participants. In Experiment 2, we used two distributions for gains and losses, one ranging from $6 to $20 (in $2 increments) and one three times larger, ranging from $18 to $60 (in $6 increments). We only tested the two asymmetric cases.

Unlike in Experiments 1a and 1b, the possible gains and losses were randomly drawn and paired from the distributions to produce 64 pairs. Two ranges of gains and losses were used in Experiment 3. Monetary values could range from $5 to $20 (in $1 increments) or from $10 to $40 (in $2 increments).

We chose to include both asymmetric treatment conditions, but only one of the symmetric cases (both gains and losses ranging from $10 to $40) to maximize power.