A Behavioral Analysis of Stochastic Reference Dependence
研究了Kőszegi和Rabin（2007）的参照依赖风险偏好模型，发现其与等级依赖效用和二次效用模型有紧密联系，并利用这些关系识别参数、讨论损失厌恶和风险厌恶。
We examine the reference-dependent risk preferences of Kőszegi and Rabin (2007), focusing on their choice-acclimating personal equilibria. Although their model has only a trivial intersection (expected utility) with other reference-dependent models, it has very strong connections with models that rely on different psychological intuitions. We prove that the intersection of rank-dependent utility and quadratic utility, two well-known generalizations of expected utility, is exactly monotone linear gain-loss choice-acclimating personal equilibria. We use these relationships to identify parameters of the model, discuss loss and risk aversion, and demonstrate new applications.