Construct · 1 fields · 1 citations

reference-dependent preferences: a standalone construct

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Behavioral economics

preferences in which outcomes are valued as gains or losses relative to a reference point set by a person's recent expectations.

In behavioral economics, reference-dependent preferences refers to preferences in which outcomes are valued as gains or losses relative to a reference point set by a person's recent expectations. This meaning comes from Kőszegi (2006) in The Quarterly Journal of Economics.[1]

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Nearby constructs

person3 fields · 6 citationsjingle · one word, three constructs reference-dependent preferences in sport demand1 fields · 1 citationsanchor · a standalone construct reference3 fields · 3 citationsjingle · one word, three constructs

References

Kőszegi, B., & Rabin, M. (2006). A Model of Reference-Dependent Preferences. The Quarterly Journal of Economics, 121(4), 1133-1165. https://doi.org/10.1093/qje/121.4.1133

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