Understanding the reference effect

DOI10.1016/j.geb.2013.07.009zbMath1282.91077OpenAlexW1981012552MaRDI QIDQ2437829

Neslihan Uler, Yusufcan Masatlioglu

Publication date: 13 March 2014

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

Full work available at URL: https://doi.org/10.1016/j.geb.2013.07.009

zbMATH Keywords

loss aversionstatus quo biasendowment effectlaboratory experimentdiminishing sensitivityreference effect

Mathematics Subject Classification ID

Individual preferences (91B08) Experimental studies (91A90)

Related Items (4)

Limited attention and status quo bias ⋮ Statistical inference for measures of predictive success ⋮ Exclusive shortlisting choice with reference ⋮ Luce arbitrates: stochastic resolution of inner conflicts

Cites Work

• Properties of a measure of predictive success
• Anchored preference relations
• Choice functions with states of mind
• Revealed incomplete preferences under status-quo bias
• An axiomatization of cumulative prospect theory
• Reference-dependent subjective expected utility.
• Rational choice with status quo bias
• A review of WTA/WTP studies
• The Power of Suggestion: Inertia in 401(k) Participation and Savings Behavior
• A Model of Reference-Dependent Preferences*
• Context-Dependent Preferences
• Does Market Experience Eliminate Market Anomalies?
• "Coherent Arbitrariness": Stable Demand Curves Without Stable Preferences
• Neoclassical Theory Versus Prospect Theory: Evidence from the Marketplace

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