Reference-Dependent Choices: A Theoretical Investigation
Economics and Administrative Sciences
ABSTRACT
Experimental and empirical evidence have established that choices depend on references. A status quo, which is a wellaccepted reference, is known to influence choices by (1) increasing the relative attractiveness of itself (Samuelson and
Zeckhauser (1988)), and (2) changing the ranking among other alternatives (Masatlioglu and Uler (2013)). The main
purpose of this project is to propose and axiomatically characterize a novel choice model that can explain status quo effects
and to study its economic applications.
Yrd. Doç. Dr.
Begüm Güney
DEPARTMENT
Economics and
Administrative Sciences
CONTACT
[email protected]
FUNDING SCHEME
TÜBİTAK 3501
START DATE
01.09.2013
2013 National Grants
DURATION
24 months
OZU BUDGET
27,879.00 TL
40