When expectations become aspirations: reference-dependent preferences and liquidity constraints

DOI10.1007/S00199-015-0949-9zbMath1367.91061OpenAlexW3121983833WikidataQ58820041 ScholiaQ58820041MaRDI QIDQ272290

Berber Kramer

Publication date: 20 April 2016

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-015-0949-9

zbMATH Keywords

loss aversionintertemporal choiceimperfect financial markets

Mathematics Subject Classification ID

Utility theory (91B16) Individual preferences (91B08)

Related Items (2)

Explaining satisficing through risk aversion ⋮ The fight-or-flight response to the Joneses and inequality

Cites Work

• The ostrich effect: Selective attention to information
• Risk and savings: a taxonomy
• Advances in prospect theory: cumulative representation of uncertainty
• Prospect Theory: Much Ado About Nothing?
• A Model of Reference-Dependent Preferences*
• Prospect Theory: An Analysis of Decision under Risk
• Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis

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