Poverty, educational attainment, and loss aversion: An analysis with prospect theory focusing on loss aversion and forming reference point
Published online on July 13, 2026
Abstract
Rationality and Society, Ahead of Print.
The impact of financial assets on university enrollment has typically been examined in terms of the ability to finance education. However, the role of assets in shaping decision-making processes remains underexplored. This study develops a formal model ...
The impact of financial assets on university enrollment has typically been examined in terms of the ability to finance education. However, the role of assets in shaping decision-making processes remains underexplored. This study develops a formal model ...