Reference points and learning

B-Tier
Journal: Journal of Mathematical Economics
Year: 2022
Volume: 100
Issue: C

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

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

Abstract

This paper studies learning when agents evaluate outcomes in comparison to reference points, which may be adjusted in light of experience. It shows that certain models of reinforcement learning, motivated by those popular in machine learning and neuroscience, lead to classes of recursive preferences.

Technical Details

RePEc Handle
repec:eee:mateco:v:100:y:2022:i:c:s0304406821001695
Journal Field
Theory
Author Count
1
Added to Database
2026-01-24