Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/30262 
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dc.contributor.authorSchmidt, Ulrichen
dc.contributor.authorZank, Horsten
dc.date.accessioned2010-04-07-
dc.date.accessioned2010-04-29T15:12:14Z-
dc.date.available2010-04-29T15:12:14Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x1611en
dc.subject.jelD81en
dc.subject.ddc330en
dc.subject.keywordProspect theoryen
dc.subject.keywordreference pointen
dc.subject.keyworddiminishing sensitivityen
dc.subject.keywordloss aversionen
dc.titleEndogenizing prospect theory's reference point-
dc.typeWorking Paperen
dc.identifier.ppn623170108en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:1611en

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