Reference Points and Effort Provision.
A key open question for theories of reference-dependent preferences is what determines the reference point. One candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment, we manipulate the rational expectations of subjects and ch...
| Main Authors: | , , , |
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| Format: | Journal article |
| Language: | English |
| Published: |
American Economic Association
2011
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