Sunk 'decision points': a theory of the endowment effect and present bias

DOI10.1007/S11238-018-9673-9MaRDI QIDQ2633435zbMATH OpenOpenAlexWikidataFDO

Authors Peter Landry

Publication date 8 May 2019

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

Full work available at URL https://doi.org/10.1007/s11238-018-9673-9

zbMATH Keywords

(in)attentioncuesendowment effectpresent bias

Mathematics Subject Classification ID

Decision theory (91B06)

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Cites work

• A cue-theory of consumption
• A model of focusing in economic choice
• A model of reference-dependent preferences
• Does Market Experience Eliminate Market Anomalies?
• Golden Eggs and Hyperbolic Discounting
• Prospect Theory: An Analysis of Decision under Risk
• The willingness-to-accept/willingness-to-pay disparity in repeated markets: loss aversion or ``bad-deal aversion?

Cited in

(4)

• Sunk cost effects: A test of the importance of context
• Behavioral and prescriptive explanations of a reverse sunk cost effect
• The endowment effect as blessing
• Endowment effects? ``Even with half a million on the table!

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