Reference-Dependent Preferences: A Theoretical and Experimental Investigation of Individual Reference-Point Formation

by Evelyn Stommel and Evelyn Strommel

Most of our daily decisions are made under uncertainty and risk, without complete information about all relevant aspects. We all constantly make such decisions, from the simplest "should I take my raincoat today?" to more serious examples, such as those on investment and portfolio decisions, holding of shares, insurance patterns, or negotiation processes. Within these situations, the bounded rationality of individuals and institutions towards risk...

• Format: Paperback
• Language: English
• ISBN: 365800634X
• ISBN13: 9783658006341
• Release Date: November 2012
• Publisher: Springer Gabler
• Length: 224 Pages
• Weight: 0.65 lbs.
• Dimensions: 0.5" x 5.8" x 8.3"