Loss Aversion and Consumption Plans with Stochastic Reference Points

DOI10.1515/bejte-2014-0100zbMath1375.91078OpenAlexW2299955369MaRDI QIDQ4588490

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Publication date: 26 October 2017

Published in: The B.E. Journal of Theoretical Economics (Search for Journal in Brave)

Full work available at URL: https://www.degruyter.com/view/j/bejte.2016.16.issue-1/bejte-2014-0100/bejte-2014-0100.xml?format=INT

zbMATH Keywords

loss aversionprecautionary savingreference-dependent preferencestochastic reference point

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16)

Related Items (1)

Portfolio performance under benchmarking relative loss and portfolio insurance: From omega ratio to loss aversion

Cites Work

• Disappointment without prior expectation: a unifying perspective on decision under risk
• Advances in prospect theory: cumulative representation of uncertainty
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• An index of loss aversion
• Anticipated regret as an explanation of uncertainty aversion
• Prospect theory and market quality
• Information shocks and precautionary saving
• A Model of Reference-Dependent Preferences*
• Eliciting Risk and Time Preferences
• A Theory of Disappointment Aversion
• Prospect Theory: An Analysis of Decision under Risk
• Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis
• Expectations-Based Reference-Dependent Life-Cycle Consumption
• Consumption Commitments and Habit Formation
• Loss Aversion with a State-Dependent Reference Point
• Consumption Over the Life Cycle
• A Bayesian Approach to Uncertainty Aversion

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