基于期望的参考依赖与风险下的选择

Expectations-Based Reference-Dependence and Choice Under Risk

Economic Journal · 2018
被引 11
人大 AABS 4

中文导读

刻画了风险下具有参考依赖偏好和内生的基于期望的参考点的选择模型的行为内容,该模型会导致独立性公理和显示偏好弱公理的违背,并给出了可检验的约束条件。

Abstract

Abstract This article characterises the behavioural content of a model of choice under risk with reference-dependent preferences and endogenous expectations-based reference points based on the preferred personal equilibrium model of Kőszegi and Rabin (2006). The combination of reference-dependent preferences and endogenous reference points leads to violations of the Independence Axiom and can also lead to violations of the Weak Axiom of Revealed Preference. An axiomatic characterisation shows that the model places testable restrictions on choice under risk.

参考依赖偏好内生参照点风险选择公理化刻画