This note provides two numerical representations of a nested system of strict partial orders. The first representation is based on utility and threshold functions. We generalize the threshold representation of menu-dependent preferences by allowing the threshold to depend not only on the menu...

ABSTRACT. This article studies the behavioral implications of different roles of the reference alternative. We demarcate the boundaries of different reference-dependent choice models in terms of the distinct behavioral patterns these models induce. We provide characterizations of ownership...