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The B.E. Journal of Theoretical Economics

Editor-in-Chief: Schipper, Burkhard

Ed. by Fong, Yuk-fai / Peeters, Ronald / Puzzello , Daniela / Rivas, Javier / Wenzelburger, Jan


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1935-1704
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A Note on Reference-Dependent Choice with Threshold Representation

Dan Qin
Published Online: 2019-06-08 | DOI: https://doi.org/10.1515/bejte-2018-0142

Abstract

This note considers reference-dependent choice procedures shaped by a utility function and a threshold function. Alternatives are considered only when the utility gain of moving from the reference is bigger than the threshold. We impose no requirement on the threshold functions whereas previous works characterize the special case of strictly positive threshold functions. We also examine the case when the threshold function depends on both compared alternatives.

Keywords: reference-dependent choice; endowment effect; threshold function

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About the article

Published Online: 2019-06-08


This work was supported by Japan Society for the Promotion of Science, Funder Id: http://dx.doi.org/10.13039/501100001691, Grant Number: 16K17091, 18K12739.


Citation Information: The B.E. Journal of Theoretical Economics, Volume 20, Issue 1, 20180142, ISSN (Online) 1935-1704, DOI: https://doi.org/10.1515/bejte-2018-0142.

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