Differentiating roles of the reference alternative

DOI10.1016/J.GEB.2024.05.008MaRDI QIDQ6584594zbMATH OpenFDO

Authors Dan Qin

Publication date 8 August 2024

Published in Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/J.GEB.2024.05.008

zbMATH Keywords

endowment effectloss aversionmulti-criteria decision makingrevealed preferenceshortlisting

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50) Decision theory (91B06) Individual preferences (91B08)

Recommendations

• Understanding the reference effect
• On reference dependent shortlisting behavior
• A theory of reference point formation
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• Managing anticipation and reference-dependent choice

Cites work

• A canonical model of choice with initial endowments
• A model of reference-dependent preferences
• A Theory of Disappointment Aversion
• A theory of reference-dependent behavior
• Anchored preference relations
• Choice by iterative search
• Prospect Theory: An Analysis of Decision under Risk
• Rational choice with status quo bias
• Reference-dependent subjective expected utility.
• Status quo bias, multiple priors and uncertainty aversion
• The effects of decoy gambles on individual choice
• The power of suggestion: Inertia in 401(k) participation and savings behavior

Cited in

(1)

• Personal equilibrium and random choice

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