Search Results - subject:"Reference Dependent Preferences"

Reference dependence, cooperation, and coordination in games

Schneider, Mark; Leland, Jonathan W. - In: Judgment and Decision Making 10 (2015) 2, pp. 123-129

The problems of how self-interested players can cooperate despite incentives to defect, and how players can coordinate despite the presence of multiple equilibria, are among the oldest and most fundamental in game theory. In this report, we demonstrate that a plausible and even natural...

Persistent link: https://www.econbiz.de/10011212608

A Model of Price Discrimination under Loss Aversion and State-Contingent Reference Points

Carbajal, Juan Carlos; Ely, Jeffrey C. - Peruvian Economic Association - PEA - 2015

We study optimal price discrimination when a monopolist faces a continuum of consumers with reference-dependent … preferences. A consumer's valuation for product quality consists of an intrinsic valuation affected by a private state signal …

Persistent link: https://www.econbiz.de/10011251904

Asymmetric gain-loss reference dependence and attitudes toward uncertainty

Lleras, Juan Sebastián; Piermont, Evan; Svoboda, Richard - In: Economic theory : official journal of the Society for … 68 (2019) 3, pp. 669-699

Persistent link: https://www.econbiz.de/10012213107

Loss aversion and competition in Vickrey auctions : money ain't no good

Rosato, Antonio; Tymula, Agnieszka - In: Games and economic behavior 115 (2019), pp. 188-208

Persistent link: https://www.econbiz.de/10012175483

Lagged beliefs and reference-dependent utility

Smith, Alec - In: Journal of economic behavior & organization : JEBO 167 (2019), pp. 331-340

Persistent link: https://www.econbiz.de/10012149714

New product preannouncement : phantom products and the osborne effect

Rao, Ram; Turut, Ozge - In: Management science : journal of the Institute for … 65 (2019) 8, pp. 3776-3799

Persistent link: https://www.econbiz.de/10012062810

Bankruptcy problems with reference-dependent preferences

Gallice, Andrea - In: International journal of game theory : official journal … 48 (2019) 1, pp. 311-336

Persistent link: https://www.econbiz.de/10012062014

Endowments and risky choice

Crockett, Erin; Crockett, Sean - In: Journal of economic behavior & organization : JEBO 159 (2019), pp. 344-354

Persistent link: https://www.econbiz.de/10012138742

Desert and Inequity Aversion in Teams

Gill, David; Stone, Rebecca - 2014

Teams are becoming increasingly important in work settings. We develop a framework to study the strategic implications of a meritocratic notion of desert under which team members care about receiving what they feel they deserve. Team members find it painful to receive less than their perceived...

Persistent link: https://www.econbiz.de/10010409388

Why You Can't Find a Taxi in the Rain and Other Labor Supply Lessons from Cab Drivers

Farber, Henry - 2014

earning (having reference dependent preferences). I replicate and extend the CBLT analysis using data from all trips taken in … dependent preferences model. I explore heterogeneity across drivers in their labor supply elasticities and consider whether new … opportunities. This is consistent with the neoclassical optimizing model of labor supply and does not support the reference …

Persistent link: https://www.econbiz.de/10010435260