Exogenous endowment—endogenous reference point (Record no. 517342)
[ view plain ]
| 000 -LEADER | |
|---|---|
| fixed length control field | 01272nam a22001457a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 210710b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Maltz, Amnon |
| 245 ## - TITLE STATEMENT | |
| Title | Exogenous endowment—endogenous reference point |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication, distribution, etc | The Economic Journal: A Journal of the Royal Economic Society |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 130(625), Jan, 2020: p.160-182 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | We develop a model in the presence of categories that creates a link between the agent’s exogenous endowment and an endogenous reference point. The reference point is the best feasible alternative in the endowment’s category. This reference generates a constraint set from which the final choice is made according to utility maximisation. The model predicts category bias, which generalises the status quo bias by attracting the agent to her endowment’s category but not necessarily to the endowment itself. We show that it accommodates recent experimental findings regarding the presence and absence of status quo bias in the realm of uncertainty. In a stylised financial setup, we show that it may lead to a risk premium even with risk-neutral agents. – Reproduced |
| 773 ## - HOST ITEM ENTRY | |
| Main entry heading | The Economic Journal: A Journal of the Royal Economic Society |
| 906 ## - LOCAL DATA ELEMENT F, LDF (RLIN) | |
| Subject DIP | MICROECONOMIC BEHAVIOR |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Item type | Articles |
No items available.