Revealed Preference Foundations of Expectations-Based Reference-Dependence

This paper provides revealed preference foundations for a model of expectations based reference-dependence a la Koszegi and Rabin (2006). Novel axioms provide distinguishing features of expectations-based reference-dependence under risk. The analysis completely characterizes the model’s testable implications when expectations are unobservable.

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Year of publication:	2013-09
Authors:	Freeman, David
Institutions:	Department of Economics, Simon Fraser University
Subject:	Reference-dependent preferences \| expectations as the reference point \| preferred personal equilibrium \| choice under risk

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Extent:	application/pdf
Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	5 pages long
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010818167