Results 1 to 10 of about 4,860,596 (252)
The Loss-Averse Newsvendor Problem with Random Yield and Reference Dependence
Mathematics, 2020 This paper studies a loss-averse newsvendor problem with reference dependence, where both demand and yield rate are stochastic. We obtain the loss-averse newsvendor’s optimal ordering policy and analyze the effects of loss aversion, reference dependence,
Wei Liu +4 more
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Dynamic Pricing with Reference Price Dependence
Economics: Journal Articles, 2016 Régis Chenavaz
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Reference dependence, cooperation, and coordination in games [PDF]
Judgment and Decision Making, 2015 The problems of how self-interested players can cooperate despite incentives to defect, and how players can coordinate despite the presence of multiple equilibria, are among the oldest and most fundamental in game theory.
Mark Schneider, Jonathan W. Leland
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A theory of reference-dependent behavior [PDF]
Economic Theory, 2007 There is extensive field and experimental evidence in a wide variety of environments showing that behavior depends on a reference point. This paper provides an axiomatic characterization for such behavior. Our approach is dual, we study choice behavior and preference relations.
Jose Apesteguia, Miguel A. Ballester
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Reference Dependence and Market Participation [PDF]
SSRN Electronic Journal, 2017 This paper finds optimal portfolios for the reference-dependent preferences by Kőszegi and Rabin with piecewise linear gain–loss utility in a one-period model with a safe and a risky asset. If the return of the risky asset is highly dispersed relative to its potential gains, two personal equilibria arise, one of them including risky investments and ...
Paolo Guasoni, Andrea Meireles-Rodrigues
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A Model of Reference-Dependent Preferences* [PDF]
Quarterly Journal of Economics, 2006 We develop a model of reference-dependent preferences and loss aversion where “gain‐loss utility” is derived from standard “consumption utility” and the reference point is determined endogenously by the economic environment. We assume that a person’s reference point is her rational expectations held in the recent past about outcomes, which are ...
Koszegi, Botond, Rabin, Matthew
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Reference dependence and random attention
Journal of Economic Behavior & Organization, 2023 We explore the ways that a reference point may direct attention. Utilizing a stochastic choice framework, we provide behavioral foundations for the Reference-Dependent Random Attention Model (RD-RAM). Our characterization result shows that preferences may be uniquely identified even when the attention process depends arbitrarily on both the menu and ...
Kovach, Matthew, Suleymanov, Elchin
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Green Supply Chain Management with Nash Bargaining Loss-Averse Reference Dependence
Mathematics, 2021 This paper investigates a two-echelon green supply chain (GSC) with a single loss-averse manufacturer and a single loss-averse retailer. Since the Nash bargaining solution exactly characterizes endogenous power and the contribution of the GSC members, it
Wentao Yi +3 more
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Initial person reference in Providence Island Sign Language
Glossa, 2021 When referring to non-present entities, speakers and signers can select from a range of different strategies to create expressions that range from extremely concise to highly elaborate.
Kate Mesh +2 more
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Reference Dependence and Incremental WTP [PDF]
SSRN Electronic Journal, 2016 Applications using the standard willingness to pay (WTP) approach (where a respondent is asked his/her WTP for each option) have brought to light inherent difficulties in terms of discriminating between various options. Although an incremental WTP approach (where a less preferred option is used as a point of reference to value more preferred options ...
Lamiraud, Karine +2 more
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