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dc.contributor.authorSchmidt, Ulrichen_US
dc.contributor.authorZank, Horsten_US
dc.date.accessioned2010-04-07en_US
dc.date.accessioned2010-04-29T15:12:14Z-
dc.date.available2010-04-29T15:12:14Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/30262-
dc.description.abstractIn previous models of (cumulative) prospect theory reference-dependence of preferences is imposed beforehand and the location of the reference point is exogenously determined. This note provides a foundation of prospect theory, where reference-dependence is derived from preference conditions and a unique reference point arises endogenously.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKiel working paper 1611en_US
dc.subject.jelD81en_US
dc.subject.ddc330en_US
dc.subject.keywordProspect theoryen_US
dc.subject.keywordreference pointen_US
dc.subject.keyworddiminishing sensitivityen_US
dc.subject.keywordloss aversionen_US
dc.titleEndogenizing prospect theory's reference pointen_US
dc.typeWorking Paperen_US
dc.identifier.ppn623170108en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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