메뉴 건너뛰기




Volumn 17, Issue 1, 1998, Pages 27-48

Reference Wealth Effects in Sequential Choice

Author keywords

Expected utility; House money effect; Reference wealth; Risk aversion

Indexed keywords


EID: 0032262489     PISSN: 08955646     EISSN: None     Source Type: Journal    
DOI: 10.1023/a:1007791217751     Document Type: Article
Times cited : (17)

References (19)
  • 1
    • 0003105343 scopus 로고
    • Testing between Alternative Models of Choice under Uncertainty: Some Initial Results
    • Battalio, R.C., Kagel, J.H., and Jiranyakul K. (1990), "Testing Between Alternative Models of Choice Under Uncertainty: Some Initial Results," Journal of Risk and Uncertainty 3, 25-50.
    • (1990) Journal of Risk and Uncertainty , vol.3 , pp. 25-50
    • Battalio, R.C.1    Kagel, J.H.2    Jiranyakul, K.3
  • 3
    • 84897901578 scopus 로고
    • Game Shows and Economic Behavior: Risk-Taking on 'Card Sharks,'
    • Gertner, R. (1993), "Game Shows and Economic Behavior: Risk-Taking on 'Card Sharks,'" Quarterly Journal of Economics 108, 507-521.
    • (1993) Quarterly Journal of Economics , vol.108 , pp. 507-521
    • Gertner, R.1
  • 4
    • 0000520272 scopus 로고
    • The Predictive Utility of Generalized Expected Utility Theories
    • Harless, D.W. and Camerer, C.F. (1994), "The Predictive Utility of Generalized Expected Utility Theories," Econometrica 62, 1251-1289.
    • (1994) Econometrica , vol.62 , pp. 1251-1289
    • Harless, D.W.1    Camerer, C.F.2
  • 5
    • 0000125532 scopus 로고
    • Prospect Theory: An Analysis of Decision under Risk
    • Kahneman, D. and Tversky A. (1979), "Prospect Theory: An Analysis of Decision Under Risk," Econometrica 47, 263-291.
    • (1979) Econometrica , vol.47 , pp. 263-291
    • Kahneman, D.1    Tversky, A.2
  • 6
    • 0000817666 scopus 로고
    • Atemporal Dynamic Consistency and Expected Utility Theory
    • Karni, E. and Schmeidler, D. (1991), "Atemporal Dynamic Consistency and Expected Utility Theory," Journal of Economic Theory 54, 401-408.
    • (1991) Journal of Economic Theory , vol.54 , pp. 401-408
    • Karni, E.1    Schmeidler, D.2
  • 7
    • 0030305880 scopus 로고    scopus 로고
    • Gambling with the House Money in Capital Expenditure Decisions: An Experimental Analysis
    • Keasey, K., and Moon, P. (1996), "Gambling with the House Money in Capital Expenditure Decisions: An Experimental Analysis," Economics Letters 50, 105-110.
    • (1996) Economics Letters , vol.50 , pp. 105-110
    • Keasey, K.1    Moon, P.2
  • 8
    • 0001111491 scopus 로고
    • Dynamic Consistency and Non-Expected Utility Models of Choice under Uncertainty
    • Machina, M.J. (1989), "Dynamic Consistency and Non-Expected Utility Models of Choice Under Uncertainty," Journal of Economic Literature 27, 1622-1668.
    • (1989) Journal of Economic Literature , vol.27 , pp. 1622-1668
    • Machina, M.J.1
  • 10
    • 0000436720 scopus 로고
    • Stability of Choices among Uncertain Alternatives
    • McGlothlin, W.H. (1956), "Stability of Choices among Uncertain Alternatives," American Journal of Psychology 69, 604-615.
    • (1956) American Journal of Psychology , vol.69 , pp. 604-615
    • McGlothlin, W.H.1
  • 11
    • 0000255643 scopus 로고
    • A Natural Experiment in 'Jeopardy!'
    • Metrick, A. (1995), "A Natural Experiment in 'Jeopardy!'" American Economic Review' 85, 240-253.
    • (1995) American Economic Review , vol.85 , pp. 240-253
    • Metrick, A.1
  • 12
    • 0010104544 scopus 로고    scopus 로고
    • Are Investors Reluctant to Realize Their Losses?
    • forthcoming
    • Odean, T. (1998), "Are Investors Reluctant to Realize Their Losses?" Journal of Finance, forthcoming.
    • (1998) Journal of Finance
    • Odean, T.1
  • 13
    • 84930063848 scopus 로고
    • The Disposition to Sell Winners Too Early and Ride Losers Too Long: Theory and Evidence
    • Shefrin, H. and Stratman, M. (1985), "The Disposition to Sell Winners Too Early and Ride Losers Too Long: Theory and Evidence," Journal of Finance 40, 777-790.
    • (1985) Journal of Finance , vol.40 , pp. 777-790
    • Shefrin, H.1    Stratman, M.2
  • 15
    • 0000538440 scopus 로고
    • Mental Accounting and Consumer Choice
    • Thaler, R.H. (1985), "Mental Accounting and Consumer Choice," Marketing Science 4, 199-214.
    • (1985) Marketing Science , vol.4 , pp. 199-214
    • Thaler, R.H.1
  • 16
    • 0000630111 scopus 로고
    • Gambling with the House Money and Trying to Break Even: The Effects of Prior Outcomes on Risky Choice
    • Thaler, R.H. and Johnson, E.J. (1990), "Gambling with the House Money and Trying to Break Even: The Effects of Prior Outcomes on Risky Choice," Management Science 36, 643-660.
    • (1990) Management Science , vol.36 , pp. 643-660
    • Thaler, R.H.1    Johnson, E.J.2
  • 17
    • 0019392722 scopus 로고
    • The Framing of Decisions and the Psychology of Choice
    • Tversky, A. and Kahneman, D. (1981), "The Framing of Decisions and the Psychology of Choice," Science 211, 453-458.
    • (1981) Science , vol.211 , pp. 453-458
    • Tversky, A.1    Kahneman, D.2
  • 18
    • 0001076162 scopus 로고
    • Loss Aversion in Riskless Choice: A Reference-Dependent Model
    • Tversky, A. and Kahneman, D. (1991), "Loss Aversion in Riskless Choice: A Reference-Dependent Model," Quarterly Journal of Economics 106, 1038-1061.
    • (1991) Quarterly Journal of Economics , vol.106 , pp. 1038-1061
    • Tversky, A.1    Kahneman, D.2
  • 19
    • 0031628810 scopus 로고    scopus 로고
    • The Disposition Effect in Securities Trading: An Experimental Analysis
    • Weber, M. and Camerer, C. (1998), "The Disposition Effect in Securities Trading: An Experimental Analysis," Journal of Economic Behavior and Organization 33, 167-184.
    • (1998) Journal of Economic Behavior and Organization , vol.33 , pp. 167-184
    • Weber, M.1    Camerer, C.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.