Matthey, Astrid; Dwenger, Nadja - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2008
. We use a novel, indirect approach that allows us to infer the determinants of the reference state from observed behavior …, indirect approach that allows us to infer the determinants of
the reference state from observed behavior, rather than to rely … on cheap talk.
JEL classification: D11, D84, C91
Keywords: aspirations, reference state, expectations, individual utility …