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Titlebook: Reference-Dependent Preferences; A Theoretical and Ex Evelyn Stommel Book 2013 Springer Fachmedien Wiesbaden 2013 Behavioral Economics.Pros

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书目名称Reference-Dependent Preferences
副标题A Theoretical and Ex
编辑Evelyn Stommel
视频video
概述Publication in the fiels of economic studies.Includes supplementary material:
图书封面Titlebook: Reference-Dependent Preferences; A Theoretical and Ex Evelyn Stommel Book 2013 Springer Fachmedien Wiesbaden 2013 Behavioral Economics.Pros
描述.Most of our daily decisions are made under uncertainty and risk, without complete information about all relevant aspects. We all constantly make such decisions, from the simplest “should I take my raincoat today?” to more serious examples, such as those on investment and portfolio decisions, holding of shares, insurance patterns, or negotiation processes. Within these situations, the bounded rationality of individuals and institutions towards risk and uncertainty is embedded. The central theory underlying this study is prospect theory, an adequate model to predict the real and most often bounded rationality of human behavior given certain incentives, preferences, and constraints..Evelyn Stommel investigates a crucial question within behavioral economics, namely the research on reference points within human decision making processes. Based on experimental investigations, she focuses three key challenges: what constitutes a reference point, the process of the formation of a reference point, and factors influencing the formation of reference points.
出版日期Book 2013
关键词Behavioral Economics; Prospect Theory; Reference Dependent Preferences; Reference Point
版次1
doihttps://doi.org/10.1007/978-3-658-00635-8
isbn_softcover978-3-658-00634-1
isbn_ebook978-3-658-00635-8
copyrightSpringer Fachmedien Wiesbaden 2013
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Research approachlationships as hypothesized in this dissertation, I was not able to rely on secondary data, so I had to carry out my own experimental surveys. The two following sections de-scribe the purpose, benefits, and limitations of these experiments and the statisti-cal methods used to test the research questions of this dissertation.
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978-3-658-00634-1Springer Fachmedien Wiesbaden 2013
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Evelyn Stommelfferent times. Therefore, this particular method is discussed in detail when it is introduced for the first time. Later sections will refer to this discussion. Where necessary, more details will be presented when methods are used a second or third time.
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