Prospect theory as efficient perceptual distortion

American Economic Review

Volumn 102, Issue 3, 2012, Pages 41-46

  Woodford, Michael ^a  

^a Columbia University ^*  (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84863208630     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/aer.102.3.41     Document Type: Conference Paper

References (10)

1. Cover, Thomas M., and Joy A. Thomas. 2006. Elements of Information Theory. 2nd ed. New York: Wiley.
2. Glimcher, Paul W. 2011. Foundations of Neuroeconomic Analysis. New York: Oxford University Press.
3. Heath, Timothy B., and Subimal Chatterjee. 1995. "Asymmetric Decoy Effects on Lower-Quality versus Higher-Quality Brands: Meta-analytic and Experimental Evidence." Journal of Consumer Research 22 (3): 268-84.
4. Kahneman, Daniel, and Amos Tversky. 1979. "Prospect Theory: An Analysis of Decision under Risk." Econometrica 47 (2): 263-91.
5. Kandel, Eric R., James H. Schwartz, and Thomas M. Jessell. 2000. Priciples of Neural Science. 4th ed. New York: McGraw-Hill.
6. Ko″szegi, Botond, and Matthew Rabin. 2006. "A Model of Reference-Dependent Preferences." Quarterly Journal of Economics 121 (4): 1133-65.
7. Ko″szegi, Botond, and Adam Szeidl. 2011. "A Model of Focusing and Economic Choice." Unpublished.
8. McFadden, Daniel. 1974. "Conditional Logit Analysis of Qualitative Choice Behavior." In Frontiers in Econometrics, edited by Paul Zarembka, 105-42. New York: Academic Press.
9. Sims, Christopher A. 2003. "Implications of Rational Inattention." Journal of Monetary Economics 50 (3): 665-90.
10. Woodford, Michael. 2011. "Inattentive Valuation and Reference-Dependent Choice." Unpublished.