Results 1 to 10 of about 367,280 (258)
Dynamic Pricing with Reference Price Dependence
Economics: Journal Articles, 2016 Abstract A firm that accounts for consumer behavior sets the selling price of a product considering the reference price of consumers. In the literature, a reference price is usually modeled as depending on past selling prices. That is, past selling prices implicitly constrain the current selling price of a product.
Régis Chenavaz
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Reference Dependence in Bayesian Reasoning: Value Selection Bias, Congruence Effects, and Response Prompt Sensitivity [PDF]
Frontiers in Psychology, 2022 This work examines the influence of reference dependence, including value selection bias and congruence effects, on diagnostic reasoning. Across two studies, we explored how dependence on the initial problem structure influences the ability to solve ...
Alaina Talboy +2 more
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The reference dependence roots of inaction inertia: A query theory account. [PDF]
PLoS ONE, 2023 Inaction inertia is the tendency to forego an opportunity after missing a significantly better opportunity. We show that inaction inertia is rooted in reference dependence.
Ruth Pogacar +4 more
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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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When normalization induces correlation: shared and unstable references can create hidden dependencies [PDF]
npj Systems Biology and ApplicationsCorrelation analyses are widely used to infer biological relationships, yet preprocessing can introduce structural dependencies that inflate correlation estimates. Here, we examine an under-recognized mechanism: shared-reference transformations, in which
Kiyoshi F. Fukutani +4 more
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KGR-SKATER: Spatially clustered kernel graph regression for counting processes. [PDF]
PLoS ONEThis paper proposes a procedure for fitting a spatiotemporal model with an interpretable and parsimonious dependence structure to high-dimensional non-Gaussian data.
Jeffrey Wu, Gareth W Peters, Alex Franks
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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 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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Mathematics, 2023 Due to the profitability and selfishness of crowdfunding system users, under fixed budget conditions, there are problems, such as low task completion rate due to insufficient participants and low data quality.
Jiaqi Liu +5 more
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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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