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News From the Field
Cut and Run: MSU Research Predicts Risk Avoidance in the Face of Chronic Economic Loss

October 27, 2008

Joe Arvai Investors are liquidating their retirement investments in droves, rather than risk further loss of their nest eggs. Research conducted by Michigan State University (MSU) scientists explains this effect, which contradicts widely accepted "prospect theory." Prospect theory predicts that people will tend to gamble to recoup their losses, but the MSU research indicates a great deal more aversion to risk following a string of financial losses. Full Story

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Michigan State University

The National Science Foundation (NSF) is an independent federal agency that supports fundamental research and education across all fields of science and engineering. In fiscal year (FY) 2015, its budget is $7.3 billion. NSF funds reach all 50 states through grants to nearly 2,000 colleges, universities and other institutions. Each year, NSF receives about 48,000 competitive proposals for funding, and makes about 11,000 new funding awards. NSF also awards about $626 million in professional and service contracts yearly.

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