Differentiating roles of the reference alternative

• 成果类型: Article
• 署名作者: Qin, Dan
• 署名单位: Nagoya University of Commerce & Business
• 刊物名称: GAMES AND ECONOMIC BEHAVIOR
• ISSN/ISSBN: 0899-8256
• DOI: 10.1016/j.geb.2024.05.008
• 发表日期: 2024
• 页码: 196-221
• 关键词: Endowment effect; loss aversion; Shortlisting; Multi-criteria decision making; revealed preference

摘要

This article explores the behavioral implications of different roles of the reference alternative. We delineate the boundaries of three reference -dependent choice models, each associated with distinct behavioral patterns: the endowment effect model, the loss aversion model, and the reference -dependent shortlisting model. Furthermore, we demonstrate that the intersections of these models correspond to meaningful special cases within each model.