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Taste uncertainty and status quo effects in consumer choice

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Publication:1037585
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DOI10.1007/s11166-009-9076-yzbMath1187.91065OpenAlexW2033405675MaRDI QIDQ1037585

Robert Sugden, Graham Loomes, Shepley Orr

Publication date: 16 November 2009

Published in: Journal of Risk and Uncertainty (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s11166-009-9076-y

zbMATH Keywords

reference dependenceloss aversion, taste uncertaintystatus quo effect


Mathematics Subject Classification ID

Utility theory (91B16) Individual preferences (91B08) Consumer behavior, demand theory (91B42)


Related Items

The willingness-to-accept/willingness-to-pay disparity in repeated markets: loss aversion or ``bad-deal aversion?



Cites Work

  • Unnamed Item
  • Third-generation prospect theory
  • Some implications of a more general form of regret theory
  • Advances in prospect theory: cumulative representation of uncertainty
  • Reference-dependent subjective expected utility.
  • An axiomatic foundation for regret theory
  • A review of WTA/WTP studies
  • Intransitivity of indifference, strong monotonicity, and the endowment effect
  • A Model of Reference-Dependent Preferences*
  • Prospect Theory: An Analysis of Decision under Risk
  • Does Market Experience Eliminate Market Anomalies?
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