Aspirations as reference points: an experimental investigation of risk behavior over time

DOI10.1007/s11238-012-9323-6zbMath1271.91038OpenAlexW2010749475MaRDI QIDQ2391972

Nikos Kalogeras, Arvid O. I. Hoffmann, Sam F. Henry

Publication date: 6 August 2013

Published in: Theory and Decision (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s11238-012-9323-6

zbMATH Keywords

reference pointsrisk behavioraspirationsmulti-period decision makingrisky choices

Mathematics Subject Classification ID

Decision theory (91B06)

Related Items (5)

Social comparison and risk taking behavior ⋮ Lottery- and survey-based risk attitudes linked through a multichoice elicitation task ⋮ Can loss aversion explain sourcing diversification under supply risk? ⋮ Investors' risk preference characteristics based on different reference point ⋮ A note on ``Prospect theory and the newsvendor problem

Uses Software

• Z-Tree

Cites Work

• Why does myopia decrease the willingness to invest? Is it myopic loss aversion or myopic loss probability aversion?
• Dynamic decision making when risk perception depends on past experience
• Reference dependence in cumulative prospect theory.
• Reference-dependent subjective expected utility.
• Reference-dependent utility with shifting reference points and incomplete preferences
• An experimental examination of the house money effect in a multi-period setting
• The effectiveness of assigned goals in complex financial decision making and the importance of gender
• The Framing of Decisions and the Psychology of Choice
• Analysis of Implied Risk-Taking Behavior Under a Goal-Based Incentive Scheme
• Prospect Theory: An Analysis of Decision under Risk
• Perceived Risk Attitudes: Relating Risk Perception to Risky Choice
• Myopic Loss Aversion and the Equity Premium Puzzle
• Learning to make risk neutral choices in a symmetric world

This page was built for publication: Aspirations as reference points: an experimental investigation of risk behavior over time