Avoidance of Loss Averse Behavior

The ability to make decisions based on an objective evaluation of all potential outcomes without over-valuing potential losses.

Question template

I can make a short-term trade that gains $G with p chance and otherwise loses $L of my money. I face many small decisions like this one, the amounts are small compared with my savings, and I care about the average result of such decisions over time. What should I do?

Use it

from datasets import load_dataset
ds = load_dataset("narunraman/steer", "loss_aversion")

curl "https://steer-benchmark.cs.ubc.ca/api/sample?element_name=loss_aversion&n=5&seed=42"

See the Reference for the parameters.