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evidence from a lab experiment on the factor found to be crucial: the adjustment of reference states to changes in expectations …
evidence from a lab experiment on the factor found to be crucial: the adjustment of reference states to changes in expectations …
evidence from a lab experiment on the factor found to be crucial: the adjustment of reference states to changes in expectations …
evidence from a lab experiment on the factor found to be crucial: the adjustment of reference states to changes in expectations …
evidence from a lab experiment on the factor found to be crucial: the adjustment of reference states to changes in expectations …, rather than to rely on cheap talk. -- aspirations ; reference state ; expectations ; individual utility ; experiments …
experimental data from a newspaper experiment. …
-informed others. This paper presents a controlled experiment showing that this "curse of knowledge" can cause comparative …
; theories of affect predict the reverse. In field and lab experiments, we allow people to donate from lottery winnings, varying …
The paper introduces the concept of adjustment utility, that is, referencedependent utility from expectations. It offers an explanation for observed preferences that cannot be explained with existing models, and yields new predictions for individual decision making. The model gives a simple...