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Agnieszka Tymula

Affiliation:
Working paper

Increased risk taking, not loss tolerance, drives adolescents’ propensity to gamble more under peer observation

In the presence of peers, adolescents’ relative weighting of losses to gains (loss aversion) increases. This is good news for policy, suggesting that appealing to loss aversion should be especially effective at reducing harmful adolescent behaviours committed in the presence of peers.