On the theory of reference-dependent preferences - Munro, SugdenMunro, Alistair, and Robert Sugden. 2003. "On the Theory of Reference-dependent Preferences." Journal of Economic Behavior and Organization 50 (April):407- 428.Munro, Alistair, and Robert Sugden. 2003. "On the Theory of Reference...
▶ Preferences depend not on level of outcomes, but on how outcomes represent changes from some reference point ▶ Common theme:biasesin cognition and perception also affect preferences 卡尼曼和特沃斯基(1979)提出了一种新的选择理论,即前景理论(Prospect Theory) ▶ “价值的承载者是财富或福利的变化...
Oscorep: Ohlson (1980) 预测破产概率 高估小概率事件正是前景理论(prospect theory)[2]的重要特征之一,因此人们对彩票股的偏好是无条件的,并不考虑先前的表现。但是,前景理论告诉我们,人们在面对损失和获利时所表现出的态度是不同的。 图1 出处:百度百科 根据理论逻辑,如果投资者处于损失状态,那么会更加愿意承受...
正在读Alistair Munro, Robert Sugden 2003的这篇文章, 它的key topic focused on referenc point of Tversky & Kahneman的 reference dependent theory, 贡献在于推广了该理论,能够解释endowment effects/status quo bias。 困难是:数学性强,细节看不懂。疑惑是:1作者所说的endogenous 体现在哪里?又是如何体现的?
On the theory of reference-dependent preferences A theory is proposed in which preferences are conditional on reference points. It is related to Tversky and Kahneman's reference-dependent preference theor... A Munro,R Sugden - 《Journal of Economic Behavior & Organization》 被引量: 436发表: ...
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 ...
Another test of the theory of reference-dependent preferences: the trade off between money and time Fosgerau. Discrete choices and the trade-off between money and time: another test of the theory of reference-dependent preferences. Working Paper, ... M Fosegrau,B De Borger - European Transport...
Duesenberry, J.: Income Saving and the Theory of Consumer Behavior. Harvard University Press, Cambridge (1949) Google Scholar Dufwenberg, M., Heidhues, P., Kirchsteiger, G., Riedel, F.: General equilibrium with other-regarding preferences. Rev. Econ. Stud. 218, 613–639 (2011) Article ...
? This paper explores the idea by assuming users have reference-dependent preferences. ? Gains and losses for congestion and toll paid may be perceived separately or together. ? If gain–loss utility is moderately strong, a state-independent toll can be optimal. 展开 关键词: congestion pricing...
A theory of Conscientiousness ∗ The utility in each state deriving from the realization of an outcome is state dependent. An important part of the research reported here is an axiomatic foundation of preferences with moral hazard and state dependent preferences, first ... CA S.,MA Fabio,MA ...