Taste uncertainty and status quo effects in consumer choice

DOI10.1007/S11166-009-9076-YzbMATH Open1187.91065OpenAlexW2033405675MaRDI QIDQ1037585FDOQ1037585

Authors: Graham Loomes, Shepley Orr, Robert Sugden 

Publication date: 16 November 2009

Published in: Journal of Risk and Uncertainty (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s11166-009-9076-y

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zbMATH Keywords

reference dependenceloss aversion, taste uncertaintystatus quo effect

Mathematics Subject Classification ID

Individual preferences (91B08) Utility theory (91B16) Consumer behavior, demand theory (91B42)

Cites Work

• Title not available (Why is that?)
• Advances in prospect theory: cumulative representation of uncertainty
• Prospect Theory: An Analysis of Decision under Risk
• A model of reference-dependent preferences
• Does Market Experience Eliminate Market Anomalies?
• Third-generation prospect theory
• Reference-dependent subjective expected utility.
• Intransitivity of indifference, strong monotonicity, and the endowment effect
• Some implications of a more general form of regret theory
• An axiomatic foundation for regret theory
• A review of WTA/WTP studies

Cited In (4)

• Brand positioning and consumer taste information
• The willingness-to-accept/willingness-to-pay disparity in repeated markets: loss aversion or ``bad-deal aversion?
• Asymmetric dominance, deferral, and status quo bias in a behavioral model of choice
• Understanding the reference effect

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