Asymmetric gain-loss reference dependence and attitudes toward uncertainty

DOI10.1007/S00199-018-1138-4MaRDI QIDQ2294121zbMATH OpenOpenAlexFDO

Authors Evan Piermont, Richard Svoboda, Juan Sebastián Lleras

Publication date 10 February 2020

Published in Economic Theory (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.1007/s00199-018-1138-4

zbMATH Keywords

belief distortionendogenous reference pointsgain-loss attitudesreference-dependent preferencessubjective expected utility

Mathematics Subject Classification ID

Individual preferences (91B08) Utility theory (91B16)

Recommendations

• Reference-dependent subjective expected utility.
• A model of reference-dependent preferences
• Reference-dependent expected utility with incomplete preferences
• Comparative risk sensitivity with reference-dependent preferences
• Reference dependent ambiguity

Cites work

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Cited in

(10)

• Comparative risk sensitivity with reference-dependent preferences
• Reference-dependent subjective expected utility.
• Bayes and Hurwicz without Bernoulli
• On reference dependence and complementary symmetry
• Special issue: supermodularity and monotonicity in economics
• Reference dependent ambiguity
• A model of reference-dependent preferences
• Reference dependence and market participation
• The gain-loss asymmetry and single-self preferences
• Who should exert more effort? Risk aversion, downside risk aversion and optimal prevention

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