| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9183 |
| DP9183 Loss Aversion and Consumption Choice: Theoryand Experimental Evidence | |
| Georg Kirchsteiger; Martin Peitz; Heiko Karle | |
| 发表日期 | 2012-10-21 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | In this paper we analyze a consumer choice model with price uncertainty, loss aversion, and expectation-based reference points. The implications of this model are tested in an experiment in which participants have to make a consumption choice between two sandwiches. We make use of the fact that participants differ in their reported taste difference between the two sandwiches and the degree of loss aversion which we measure separately. We find that more loss-averse participants are more likely to opt for the cheaper sandwich provided that their reported taste difference is below some threshold, confirming the model?s predictions. |
| 主题 | Industrial Organization |
| 关键词 | Contextual reference points Loss aversion Reference-dependent utility |
| URL | https://cepr.org/publications/dp9183 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/538018 |
| 推荐引用方式 GB/T 7714 | Georg Kirchsteiger,Martin Peitz,Heiko Karle. DP9183 Loss Aversion and Consumption Choice: Theoryand Experimental Evidence. 2012. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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