Essays about: "Reference-dependent preferences"

Showing result 1 - 5 of 6 essays containing the words Reference-dependent preferences.

  1. 1. Social media and reference points: How people are affected by watching high economic status

    University essay from Göteborgs universitet/Graduate School

    Author : Filhage Wahlström Elias; [2023-06-29]
    Keywords : Social media; Reference points; Desires consumption; Labor supply; Life satisfaction;

    Abstract : This paper presents an experimental survey study investigating the potential effects of social media usage on economic perceptions and life satisfaction by influencing reference points. The prediction is that watching people with high economic status on social media raises reference points, resulting in increased preferences for consumption and salary. READ MORE

  3. 2. The Effect of Expected Outcome on Attendance

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Johannes Reuter; Ismael Hallbäck; [2021]
    Keywords : prospect theory; attendance demand; football; uncertainty of outcome hypothesis; Business and Economics;

    Abstract : Live attendance at sports events is important for individual teams as well as for the broader community of a sport. The amount of uncertainty about the outcome of a game is considered a crucial determinant of game attendance. This study examines how fans’ expectation about game outcome affects game attendance in Swedish Allsvenskan. READ MORE

  4. 3. Reference Dependent Preference towards Risk : Evidence from the U.S. Professional Golf Tour

    University essay from Uppsala universitet/Nationalekonomiska institutionen

    Author : Ström Isak; [2019]
    Keywords : Behavioral Economics; Prospect Theory; Risk Preferences; Beteendeekonomi; Prospect Theory; Riskpreferenser;

    Abstract : The standing debate regarding how preferences should be defined is still evident in research today. Are they invariant to current endowment as a neoclassical practitioner would proclaim, or reference dependent as a behavioural economist would state? This theoretical discrepancy, regarding how preferences should be defined, when agents are experienced at what they do is found by List (2003) to be non-existing. READ MORE

  5. 4. You Say You Want a Revolution - A Model on the Implications of Prospect Theory on Voting Behaviour

    University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Author : Cristina Altomare; Agron Nuredini; [2018]
    Keywords : Prospect Theory; Voting Model; Uncertainty; Expectations; Disruption;

    Abstract : In this thesis we create a voting model with a prospect theory foundation, introducing reference-dependent risk preferences, loss aversion, and probability weighting in the individual utility function. Classical voting models represent perfectly rational voters, we argue that voter behaviour can be better modelled by introducing prospect theory preferences, especially recent political trends. READ MORE

  6. 5. Reference-dependent preferences in the case of Allsvenskan: Outcome uncertainty and live-game attendance

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Gustav Hallén; Gustav Johansson; [2018]
    Keywords : Reference-dependent preferences; Uncertainty of Outcome Hypothesis; Loss Aversion; Football; Allsvenskan.; Business and Economics;

    Abstract : This thesis studies how different preferences for uncertainty affects live game attendance in the Swedish premier football league Allsvenskan. A framework proposed by previous literature concerning this relationship is highlighted. In the presence of reference dependency, two types of preferences is of interest. READ MORE