Optimal stopping with behaviorally biased agents: the role of loss aversion and changing reference points

DOI10.1016/j.geb.2022.03.007zbMath1492.91099arXiv2106.00604OpenAlexW3170325504MaRDI QIDQ2673227

Sigal Oren, Robert D. Kleinberg, Jon M. Kleinberg

Publication date: 9 June 2022

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

Full work available at URL: https://arxiv.org/abs/2106.00604

zbMATH Keywords

algorithmic game theorycognitive biasprophet inequality

Mathematics Subject Classification ID

Decision theory (91B06) Stopping times; optimal stopping problems; gambling theory (60G40) Algorithmic game theory and complexity (91A68)

Cites Work

• Unnamed Item
• The best choice problem under ambiguity
• Comparison of threshold stop rules and maximum for independent nonnegative random variables
• Stopping with anticipated regret
• Advances in prospect theory: cumulative representation of uncertainty
• Probability weighting, stop-loss and the disposition effect
• Prospect Theory and Asset Prices
• Loss Aversion and Seller Behavior: Evidence from the Housing Market
• Prospect Theory: An Analysis of Decision under Risk
• Prophet Secretary Through Blind Strategies