When expectations become aspirations : reference-dependent preferences and liquidity constraints
Year of publication: |
April 2016
|
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Authors: | Kramer, Berber |
Published in: |
Economic theory : official journal of the Society for the Advancement of Economic Theory. - Berlin : Springer, ISSN 0938-2259, ZDB-ID 1059110-2. - Vol. 61.2016, 4, p. 685-721
|
Subject: | Loss aversion | Imperfect financial markets | Intertemporal choice | Finanzmarkt | Financial market | Liquiditätsbeschränkung | Liquidity constraint | Risikoaversion | Risk aversion | Intertemporale Entscheidung | Erwartungsbildung | Expectation formation | Konsumtheorie | Consumption theory | Unvollkommener Markt | Incomplete market | Prospect Theory | Prospect theory | Verlust | Loss | Präferenztheorie | Theory of preferences |
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