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Modeling dynamic inconsistency with a changing reference point

✍ Scribed by Rachel Barkan; Jerome R. Busemeyer


Publisher
John Wiley and Sons
Year
2003
Tongue
English
Weight
241 KB
Volume
16
Category
Article
ISSN
0894-3257

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Framing reference points: the effect of
✍ Rachel Barkan; Shai Danziger; Guy Ben-Bashat; Jerome R. Busemeyer πŸ“‚ Article πŸ“… 2005 πŸ› John Wiley and Sons 🌐 English βš– 114 KB πŸ‘ 1 views

Dynamic inconsistency reflects a prediction bias where decision makers fail to follow their plans simply because they experience outcomes on which their plan was based. Specifically, after experiencing an anticipated gain in one gamble, decision makers reject a second gamble they had planned to acce