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A theory of reference-dependent behavior

โœ Scribed by Jose Apesteguia; Miguel A. Ballester


Publisher
Springer
Year
2008
Tongue
English
Weight
334 KB
Volume
40
Category
Article
ISSN
0938-2259

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๐Ÿ“œ SIMILAR VOLUMES


Reference dependence in cumulative prosp
โœ Ulrich Schmidt ๐Ÿ“‚ Article ๐Ÿ“… 2003 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 198 KB

A central feature of (cumulative) prospect theory is reference dependence, i.e. the value function depends on gains and losses relative to a status quo and not on final wealth positions as in expected utility theory. Until now, all theoretical work on prospect theory only considered a fixed status q

Theory and computation of the reference
โœ L. Burstein ๐Ÿ“‚ Article ๐Ÿ“… 2005 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 399 KB

The diagnostic parameter-time dependence, usually used for prediction of the residual service time, is given here its theoretical grounding. The relationships involved are derived on the basis of the machine's heat balance for two time approaches-short-term (starting time) and-long-term (service tim