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A Model of Reference-Dependent Preferences [PDF]
Quarterly Journal of Economics, 2006 We develop a model that fleshes out, extends, and modifies existing models of reference dependent preferences and loss aversion while accommodating most of the evidence motivating these models.
Botond Koszegi, Matthew Rabin
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Reference-dependent Preferences and the Transmission of Monetary Policy [PDF]
SSRN Electronic Journal, 2010 This paper proposes a novel explanation of the vast empirical evidence showing that output and prices react asymmetrically to monetary policy innovations over contractions and expansions in the business cycle.
Gaffeo, E. +3 more
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Team Incentives and Reference-Dependent Preferences [PDF]
SSRN Electronic Journal, 2012 This paper examines a multi-agent moral hazard model in which agents have expectation-based reference-dependent preferences `a la K˝oszegi and Rabin (2006, 2007).
Kohei Daido, Takeshi Murooka
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Reference-Dependent Preferences [PDF]
Handbook of Behavioral Economics, 2018 In this chapter, we present theories and applications of reference-dependent preferences. We provide some historical perspective, but also move quickly to the current research frontier, focusing on developments in reference dependence over the last 20 years.
O'Donoghue, Ted, Sprenger, Charles
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Cogent Economics & Finance, 2020 In this paper, the role of the reference-dependent preference in the relationship between idiosyncratic volatility and future return was investigated in the Korean stock market from July 1990 to June 2018.
Lê Thị Minh Hằng +2 more
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Bankruptcy problems with reference-dependent preferences [PDF]
International Journal of Game Theory, 2018 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Andrea Gallice
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Reference-Dependent Preferences in Multi-Issue Bargaining [PDF]
, 2005 Game theoretic bargaining models usually assume parties to have exogenously given preferences from the beginning of a negotiation on. Preferences in these models do not depend on the history of offers made during a negotiation.
Gimpel, Henner
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Reference-dependent preferences and loss aversion [PDF]
Judgment and Decision Making, 2008 This study employs a Discrete Choice Experiment (DCE) in the health-care sector to test the loss aversion theory that is derived from reference-dependent preferences: The absolute subjective value of a deviation from a reference point is generally greater when the deviation represents a loss than when the same-sized change is perceived as a gain.
Einat Neuman, Shoshona Neuman
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On the theory of reference-dependent preferences
Journal of Economic Behavior & Organization, 2003 A theory is proposed in which preferences are conditional on reference points. It is related to Tversky and Kahneman's reference-dependent preference theory, but is simpler and deviates less from conventional consumer theory. Preferences conditional on any given reference point satisfy conventional assumptions.
Munro, A., Sugden, R.
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The Pygmalion effect : an agency model with reference dependent preferences [PDF]
SSRN Electronic Journal, 2005 We attempt to formulate and explain two types of self-fulfilling prophecy, called the Pygmalion effect (if a supervisor thinks her subordinates will succeed, they are more likely to succeed) and the Galatea effect (if a person thinks he will succeed, he ...
Daido, Kohei, Itoh, Hideshi
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