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  • 2020
  • Working Paper

Heterogeneity of Gain-Loss Attitudes and Expectations-Based Reference Points
By: Lorenz Goette, Thomas Graeber, Alex Kellogg and Charles Sprenger
We examine the role of heterogeneity in gain-loss attitudes for identifying the leading behavioral model of expectations-based reference dependence (Kőszegi and Rabin, 2006, 2007) (KR). Failure to account for recently-documented heterogeneity in gain-loss attitudes is...  View Details
Keywords: Reference-dependent Preferences; Rational Expectations; Personal Equilibrium; Endowment Effect; Expectations-based Reference Points
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