• Corpus ID: 235212338

Ordered Reference Dependent Choice

  title={Ordered Reference Dependent Choice},
  author={Xi Zhi Lim},
  • X. Lim
  • Published 27 May 2021
  • Economics
We study how violations of structural assumptions like expected utility and exponential discounting can be connected to reference dependent preferences with set-dependent reference points, even if behavior conforms with these assumptions when the reference is fixed. An axiomatic framework jointly and systematically relaxes general rationality (WARP) and structural assumptions to capture reference dependence across domains. It gives rise to a linear order that endogenously determines references… 

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