In contrast with expected utility theory, empirical findings indicate that decisionmakers are sensitive to departures from reference points rather than states. Several tests of the reference-dependent preference framework have been carried out in experimental economics, and to a smaller extent...

City logistic policy making requires an understanding of specific issues seldom investigated in current research. Policy implementation produces unsatisfactory results when does not consider behavioural and contextual aspects. Acquiring relevant data is crucial to test hypotheses and forecast...

Microeconomics studies group behaviour by using the representative member model. However, there is growing evidence that there can be significant differences between choices made by single individuals and those made by the same individuals when choosing collectively. This study investigates the...