Calculate the loss aversion coefficient from prospect theory. Estimate how much more losses hurt than equivalent gains and apply to pricing, negotiation, and policy design.
| Constant | Symbol | Value |
|---|---|---|
| Speed of light | c | 2.99792458×10⁸ |
| Planck's constant | h | 6.62607015×10⁻³‴ |
| Boltzmann constant | kʙ | 1.380649×10⁻²³ |
| Avogadro's number | Nₐ | 6.02214076×10²³ |
| Gravitational constant | G | 6.6743×10⁻¹¹ |
| Gas constant | R | 8.31446 |
| Elementary charge | e | 1.602176634×10⁻¹⁹ |
| Electron mass | mₑ | 9.1093837015×10⁻³¹ |
| Proton mass | mₚ | 1.67262192369×10⁻²⁷ |
| Fine-structure constant | α | 7.2973525693×10⁻³ |
Calculate the loss aversion coefficient from prospect theory. Estimate how much more losses hurt than equivalent gains and apply to pricing, negotiation, and policy design
Each component has a specific meaning:
Note: Interpret the loss aversion result against the clinical thresholds and context described above.
Enter the prospect theory for the patient or scenario you are assessing. Calculate the loss aversion coefficient from prospect theory. Estimate how much more losses hurt than equivalent gains and apply to pricing, negotiation, and policy design. Use the loss aversion result to inform your clinical assessment.