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A theory of reference dependent behavior

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dc.contributor.authorApesteguía Garcés, José
dc.contributor.authorBallester Oyarzun, Miguel Ángel
dc.contributor.departmentEconomíaes_ES
dc.contributor.departmentEkonomiaeu
dc.date.accessioned2016-05-10T07:40:46Z
dc.date.available2016-05-10T07:40:46Z
dc.date.issued2004
dc.description.abstractThere is extensive field and experimental evidence in a wide variety of environments showing that behavior depends on a reference point. This paper provides an axiomatic characterization for such behavior. Our approach is dual, we study choice behavior and preference relations. We proceed by gradually imposing more structure on behavior, requiring higher levels of rationality, that free the decision-maker from certain types of manipulations. Depending on the phenomena one wants to model, one degree of behavioral structure will be appropriate or another. We provide two applications of the theory: one to model the status-quo bias, and another to model addictive behavior.en
dc.description.sponsorshipThe authors gratefully acknowledge financial support by the Spanish Commission of Science and Technology (CICYT, SEC2003-08105).en
dc.format.extent34 p.
dc.format.mimetypeapplication/pdfen
dc.identifier.urihttps://academica-e.unavarra.es/handle/2454/20665
dc.language.isoengen
dc.relation.ispartofseriesDocumentos de Trabajo DE - ES Lan Gaiakes
dc.relation.ispartofseries0402en
dc.rightsCC Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0)en
dc.rights.accessRightsAcceso abierto / Sarbide irekiaes
dc.rights.accessRightsinfo:eu-repo/semantics/openAccessen
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectIndividual rationalityen
dc.subjectReference-dependenceen
dc.subjectRationalizationen
dc.subjectPath-independenceen
dc.subjectMenu-independenceen
dc.subjectStatus-quo biasen
dc.subjectAddictionen
dc.subjectHabit formationen
dc.titleA theory of reference dependent behavioren
dc.typeDocumento de trabajo / Lan gaiakes
dc.typeinfo:eu-repo/semantics/workingPaperen
dspace.entity.typePublication
relation.isAuthorOfPublicatione09aab35-dc67-4345-9ca2-5022f23cf6d2
relation.isAuthorOfPublication6ccf5565-8129-4a99-a4b1-72ce1587be97
relation.isAuthorOfPublication.latestForDiscoverye09aab35-dc67-4345-9ca2-5022f23cf6d2

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