Revealed (P)Reference Theory

S-Tier
Journal: American Economic Review
Year: 2015
Volume: 105
Issue: 1
Pages: 299-321

Score contribution per author:

2.681 = (α=2.01 / 3 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper develops axiomatically a revealed preference theory of reference-dependent choice behavior. Instead of taking the reference for an agent as exogenously given in the description of a choice problem, we suitably relax the Weak Axiom of Revealed Preference to obtain, endogenously, the existence of reference alternatives as well as the structure of choice behavior conditional on those alternatives. We show how this model captures some well-known choice patterns such as the attraction effect. (JEL D11, D81)

Technical Details

RePEc Handle
repec:aea:aecrev:v:105:y:2015:i:1:p:299-321
Journal Field
General
Author Count
3
Added to Database
2026-01-26