Anchored preference relations

DOI10.1016/J.JET.2005.01.009zbMATH Open1141.91362OpenAlexW1987714874MaRDI QIDQ854945FDOQ854945

Authors: Jacob S. Sagi 

Publication date: 7 December 2006

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2005.01.009

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zbMATH Keywords

decision theorycumulative prospect theorynon-expected utilityendowment effectreference dependenceutility representationstatus quo biasanchoring

Mathematics Subject Classification ID

Decision theory (91B06) Group preferences (91B10) Utility theory (91B16)

Cites Work

• "Expected Utility" Analysis without the Independence Axiom
• Prospect Theory: An Analysis of Decision under Risk
• An axiomatization of cumulative prospect theory
• A Theory of Disappointment Aversion
• Reference-dependent subjective expected utility.
• Rational choice with status quo bias
• An axiomatic characterization of preferences under uncertainty: Weakening the independence axiom
• Axiomatic utility theories with the betweenness property
• First order versus second order risk aversion
• Risk aversion in the theory of expected utility with rank dependent probabilities
• \(L_ p\)-Fréchet differentiable preference and ``local utility analysis
• A Genuine Rank-Dependent Generalization of the Von Neumann-Morgenstern Expected Utility Theorem
• First-order risk aversion and non-differentiability
• Risk Attitudes and Decision Weights
• "Making Book Against Oneself," The Independence Axiom, and Nonlinear Utility Theory
• Payoff kinks in preferences over lotteries

Cited In (26)

• Topological Closure of Translation Invariant Preorders
• On reference dependent shortlisting behavior
• Continuous multi-utility representations of preorders
• Context effects: a representation of choices from categories
• Quasi-decisiveness, quasi-ultrafilter, and social quasi-orderings
• Reference dependent ambiguity
• A characterization of the \(n\)-agent Pareto dominance relation
• Differentiating roles of the reference alternative
• Money matters: an axiomatic theory of the endowment effect
• Asymmetric gain-loss reference dependence and attitudes toward uncertainty
• Status quo bias, multiple priors and uncertainty aversion
• Limited attention and status quo bias
• Revealed preferences and aspirations in warm glow theory
• Revealed incomplete preferences under status-quo bias
• Rational choice with status quo bias
• On the multi-utility representation of preference relations
• Dynamic consistency, valuable information and subjective beliefs
• Indifference or indecisiveness? Choice-theoretic foundations of incomplete preferences
• Probabilistic dominance and status quo bias
• A theory of reference-dependent behavior
• A theory of reference point formation
• Equilibria with vector-valued utilities and preference information. The analysis of a mixed duopoly
• Tempered best response dynamics
• When are two portfolios better than one? A prospect theory approach
• A revealed reference point for prospect theory
• Understanding the reference effect

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