Loss aversion is one of the most widely used concepts in behavioral economics. We conduct a large-scale, interdisciplinary meta-analysis to systematically accumulate knowledge from numerous empirical estimates of the loss aversion coefficient reported from 1992 to 2017. We examine 607 empirical estimates of loss aversion from 150 articles in economics, psychology, neuroscience, and several other disciplines. Our analysis indicates that the mean loss aversion coefficient is 1.955 with a 95 percent probability that the true value falls in the interval [1.820, 2.102]. We record several observable characteristics of the study designs. Few characteristics are substantially correlated with differences in the mean estimates.

M. Lee Pelton of The Boston Foundation reviews “What Universities Owe Democracy” by By Ronald J. Daniels. The Econlit abstract of this book begins: “Promotes the argument that colleges and universities are essential to the flourishing of liberal democracy, suggesting that these institutions have a responsibility to act in defense of the liberal democratic experiment.”

This article reviews the growing literature on the economics of sexual orientation and gender identity, a field that did not exist thirty years ago. We summarize, evaluate, and synthesize the literature on LGBTQ+ peoples’ economic lives and livelihoods across key decision points in the life course: human capital investments, family formation and dissolution, and labor market activities. We identify common themes and patterns in the literature and outline important areas for further inquiry.