Framing reference points: The effect of integration and segregation on dynamic inconsistency

Journal of Behavioral Decision Making

Volumn 18, Issue 3, 2005, Pages 213-226

  Barkan, Rachel ^a   Danziger, Shai ^a   Ben Bashat, Guy ^a   Busemeyer, Jerome R ^b  

^a BEN GURION UNIVERSITY OF THE NEGEV   (Israel)

^b INDIANA UNIVERSITY   (United States)

Author keywords

Dynamic consistency; Framing; Integration; Isolation; Preference reversal

Indexed keywords

EID: 22944465112     PISSN: 08943257     EISSN: None     Source Type: Journal    
DOI: 10.1002/bdm.496     Document Type: Review

References (19)

1. Barkan, R., & Busemeyer, J. R. (1999). Changing plans: dynamic inconsistency and the effect of experience on the reference point. Psychonomic Bulletin and Review, 6, 547-554.
2. Barkan, R., & Busemeyer, J. R. (2003). Modeling dynamic inconsistency with a changing reference point. Journal of Behavioral Decision Making, 16, 235-255.
3. Frederick, S., & Loewenstein, G. (1999). Hedonic adaptation. In D. Kahneman, E. Diener, & N. Schwartz (Eds.), Well being: The foundations of hedonic psychology (pp. 302-329). New York: Russell Sage Foundation.
4. Gilbert, D. T., Pinel, E. C., Wilson, T. D., Blumberg, S. J., & Wheatley, T. P. (1998). Immune neglect: a source of durability bias in affective forecasting. Journal of Personality and Social Psychology, 75, 617-638.
5. Kahneman, D. (1999). Objective happiness. In D. Kahneman, E. Diener, & N. Schwartz (Eds.), Well being: The foundations of hedonic psychology (pp. 3-25). New York: Russell Sage Foundation.
6. Kahneman, D., Knetsch, J. L., & Thaler, R. H. (1991). The endowment effect, loss aversion and status quo bias. Journal of Economic Perspectives, 5, 193-206.
7. Kahneman, D., & Tversky, A. (1979). Prospect theory: an analysis of decisions under risk. Econometrica, 47, 263-291.
8. Loewenstein, G., & Frederick, S. (1997). Predicting reactions to environmental change. In M. Bazerman, D. Messick, A. Tenbrunsel, & K. Wade-Benzoni (Eds.), Environment, ethics and behavior (pp. 105-121). San-Francisco: New Lexington Press.
9. Loewenstein, G., O'Donoghue, T., & Rabin, M. (2003). Projection bias in predicting future utility. Quarterly Journal of Economics, 118(4), 1209-1248.
10. Loewenstein, G., & Schkade, D. (1999). Wouldn't it be nice? Predicting future feelings. In D. Kahneman, E. Diener, & N. Schwartz (Eds.), Well being: The foundations of hedonic psychology (pp. 85-108). New York: Russell Sage Foundation.
11. Odean, T. (1998). Are investors reluctant to realize their losses? The Journal of Finance, 53(5), 1775-1798.
12. Redelmeier, D. A., & Tversky, A. (1992). On the framing of multiple prospects. Psychological Science, 3(3), 191-193.
13. Shefrin, H., & Statman, M. (1985). The disposition to sell winners too early and ride losers too long: theory and evidence. The Journal of Finance, 40, 777-790.
14. Thaler, R. H., & 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(6), 643-660.
15. Tversky, A., & Kahneman, D. (1992). Advances in prospect theory: cumulative representations of uncertainty. Journal of Risk and Uncertainty, 5(4), 297-323.
16. Tversky, A., & Shafir, E. (1992). The disjunction effect in choice under uncertainty. Psychological Science, 3, 305-309.
17. Van Boven, L., Dunning, D., & Loewenstein, G. (2000). Egocentric empathy gaps between owners and buyers: mispredicting the endowment effect. Journal of Personality and Social Psychology, 79, 66-76.
18. Van Boven, L., Loewenstein, G., & Dunning, D. (2003). Mispredicting the endowment effect: underestimation of owners' selling prices by buyers' agents. Journal of Economic Behavior and Organization, 51, 351-365.
19. Zohar, D., Cohen, A., & Azar, N. (1980). Promoting increased use of ear protectors in noise through information feedback. Human Factors, 22, 69-79.