Loss aversion and consumption plans with stochastic reference points

DOI10.1515/BEJTE-2014-0100MaRDI QIDQ4588490zbMATH OpenOpenAlexFDO

Authors

Publication date 26 October 2017

Published in The B.E. Journal of Theoretical Economics (Search for Journal in Brave)

Full work available at URL https://www.degruyter.com/view/j/bejte.2016.16.issue-1/bejte-2014-0100/bejte-2014-0100.xml?format=INT

zbMATH Keywords

loss aversionprecautionary savingreference-dependent preferencestochastic reference point

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16)

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Cites work

• A Bayesian Approach to Uncertainty Aversion
• A model of reference-dependent preferences
• A Theory of Disappointment Aversion
• Advances in prospect theory: cumulative representation of uncertainty
• An index of loss aversion
• Anticipated regret as an explanation of uncertainty aversion
• Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis
• Consumption commitments and habit formation
• Consumption Over the Life Cycle
• Disappointment without prior expectation: a unifying perspective on decision under risk
• Eliciting Risk and Time Preferences
• Expectations-based reference-dependent life-cycle consumption
• Information shocks and precautionary saving
• Loss Aversion with a State-Dependent Reference Point
• Optimal saving rules for loss-averse agents under uncertainty
• Prospect theory and market quality
• Prospect Theory: An Analysis of Decision under Risk
• Reference-dependent subjective expected utility.

Cited in

(9)

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• Intertemporal preference with loss aversion: consumption and risk-attitude
• Optimal consumption with reference-dependent preferences in on-the-job search and savings
• The consumption-investment decision of a prospect theory household: a two-period model
• When expectations become aspirations: reference-dependent preferences and liquidity constraints
• A model of reference-dependent preferences
• Expectations-based reference-dependent life-cycle consumption
• Loss Aversion with a State-Dependent Reference Point
• Portfolio performance under benchmarking relative loss and portfolio insurance: From omega ratio to loss aversion

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