On the theory of reference-dependent preferences

By A. Munro, Robert Sugden. 2003

228 citations recorded by the source corpus.

Subfields: Economics and Econometrics, General Decision Sciences, Marketing

View Paper: https://www.semanticscholar.org/paper/2c13e0c1f5a2ad6d74cdbf84a88f26717bdd20ff

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Daniel Kahneman
2. John A. List
3. Robert Sugden
4. Ulrich Schmidt
5. Bruno De Borger
6. C. Starmer
7. Mogens Fosgerau
8. Henry S. Farber

In General Decision Sciences

1. Ulrich Schmidt
2. Daniel Kahneman
3. Robert Sugden
4. John A. List
5. C. Starmer
6. Mogens Fosgerau
7. Bruno De Borger
8. Henry S. Farber

In Marketing

1. Mogens Fosgerau
2. Bruno De Borger
3. C. Starmer
4. Ulrich Schmidt
5. John A. List
6. Henry S. Farber
7. Robert Sugden
8. Jackson Loomis

Citations in the corpus

• The trade-off between money and travel time: A test of the theory of reference-dependent preferences (2008, methodology): “for using the argument of Munro and Sugden ( 2003) .”
• Third-generation prospect theory (2008, methodology): “13 If l = 1 and a = 1, Eq. 15 reduces to 1 − w[q ]> w(1 − q). This inequality holds if and only if β Risk Uncertainty (2008) 36:203–223”
• Reference-Dependent Preferences and Labor Supply: The Case of New York City Taxi Drivers (2008, background): “A notable exception directly relevant to my study is the finding of a negative labor supply elasticity among New York City taxi drivers by Camerer et al. (1997). They interpret their finding as evidence of target earnings behavior by taxi drivers.”
• Making index insurance attractive to farmers (2009, background): “The first is that people generally do not make changes in their lives unless they view the status quo as unsatisfactory; when they do make a change, most of all it has to fix a perceived problem, while being something they can live with in other respects ( Munroe and Sugden 2003; Samuelson and Zeck”
• Does market experience eliminate market anomalies (2003, background): “While most of the main tenets appear to be reasonably met, the basic independence assumption, which is used in most theoretical and applied economic models to assess the operation of markets, has been directly refuted in several experimental settings [Knetsch 1989; Kahneman, Knetsch, and Thaler 1990”
• Experienced Utility as a Standard of Policy Evaluation (2005, background): “The property of preferences which induces this disparity is reference dependence: preferences between given options vary according to the reference point in relation to which those options are viewed (Tversky and Kahneman 1991; Munro and Sugden 2003).”