Results 201 to 210 of about 548,213 (232)

A Contest Model With Reference-Dependent Preferences

SSRN Electronic Journal, 2020
This paper introduces a two-stage winner-take-all contest model with reference-dependent preferences to study the determinants of conflict and its intensity. The existence of a Sub-game Perfect Nash equilibrium in pure strategies and characterization of the equilibrium are shown.
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Comparative Risk Sensitivity with Reference-Dependent Preferences

Journal of Risk and Uncertainty, 2002
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Reference-Dependent Preferences and Charitable Giving

SSRN Electronic Journal, 2014
Previous studies on charitable giving usually estimate the effect of tax price and income on charitable giving. In this paper, I find a new behavioral response of individuals to their income changes. Specifically, I introduce a model of charitable giving with reference-dependent preferences of individuals.
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Markets and Reference Dependent Preferences

2009
The previous chapter discussed the impact of markets on anomalies. This chapter reverses the direction of causation. In particular I offer three examples of how reference-dependent preferences may be expected to affect market outcomes. The first example focuses on the single, competitive market; the second example explores monopolistic competition ...
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Organizational Change and Reference-Dependent Preferences

Review of Economic Studies
Abstract Reference-dependent preferences can explain several puzzling observations about organizational change. We introduce a dynamic model in which a firm bargains with loss-averse workers about organizational change and wages. We show that change is often stagnant or slow for many periods, followed by a sudden boost in productivity
Schmidt, Klaus M., Wangenheim, Jonas von
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Managing the expectations of buyers with reference-dependent preferences

Journal of Economic Theory
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Reference-Dependent Preferences and Mutual Fund Flows

SSRN Electronic Journal, 2019
Despite the ability to explain many puzzling phenomena in financial markets, direct tests of reference-dependent preferences of Kahneman and Tversky (1979, 1992) have mainly been conducted in experimental settings. We propose a novel test based on revealed preferences of real-world investors.
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Cartel pricing dynamics with reference-dependent preferences

Economics Letters, 2017
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Momentum Trading Through Reference Dependent Preferences

SSRN Electronic Journal, 2010
The endowment eect is a well-known behavioral regularity in which a person is less likely to trade a good when he is endowed with it. In their generalization of prospect theory to consumption bundles with multiple attributes, Tversky and Kahneman [1991] imply the endowment eect as a consequence of loss aversion and diminishing sensitivity in gains.
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Essays on Referent-Dependent Preferences

2018
This dissertation investigates the role of reference-dependent preferences in different areas of application, both from an empirical/experimental and a theoretical perspective. Despite their common focus, all chapters are self-contained and can be read independently. In the first chapter, entitled "Does Loss Aversion Beat Procrastination?
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