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Aspirations as reference points: an experimental investigation of risk behavior over time
16 references·16 citing·32 second hopsampled
Aspirations as reference points: an experimental investigation of risk behavior over time (2012)Aspirations as reference points: an exper…A Glance on Changing Workplace Dynamics Post Covid-19 in India: A Review of Psychological Employee Withdrawal Behavior (2025)A Glance on Changing Workplac…z-Tree: Zurich toolbox for ready-made economic experiments (2007)z-Tree: Zurich toolbox for re…Behavioral Portfolio Theory (2000)Behavioral Portfolio TheoryGoals as Reference Points (1999)Goals as Reference PointsPerceived Risk Attitudes: Relating Risk Perception to Risky Choice (1997)Perceived Risk Attitudes: Rel…An Experiment on Risk Taking and Evaluation Periods (1997)An Experiment on Risk Taking …Myopic Loss Aversion and the Equity Premium Puzzle (1995)Myopic Loss Aversion and the …Myopic Loss Aversion and the Equity Premium Puzzle (1993)Myopic Loss Aversion and the …Gambling with the House Money and Trying to Break Even: The Effects of Prior Outcomes on Risky Choice (1990)Gambling with the House Money…Status quo bias in decision making (1988)Status quo bias in decision m…Prospect theory: An analysis of decision under risk (1988)Prospect theory: An analysis …Between Hope and Fear: The Psychology of Risk (1987)Between Hope and Fear: The Ps…Anticipation and the Valuation of Delayed Consumption (1987)Anticipation and the Valuatio…The Framing of Decisions and the Psychology of Choice (1981)The Framing of Decisions and …The Economics of Education (1980)The Economics of EducationProspect Theory: An Analysis of Decision under Risk (1979)Prospect Theory: An Analysis …Do people care about loss probabilities? (2022)Do people care about loss pro…Managing Overconfident Newsvendors: A Target‐Setting Approach (2021)Managing Overconfident Newsve…Let your past define your future? How recalling successful financial experiences can increase beliefs of self‐efficacy in financial planning (2021)Let your past define your fut…Capital Gains Overhang with a Dynamic Reference Point (2020)Capital Gains Overhang with a…Pricing and ordering by a loss averse newsvendor with reference dependence (2019)Pricing and ordering by a los…Ordering bias with two reference profits: Exogenous benchmark and minimum requirement (2019)Ordering bias with two refere…Investments in managerial human capital: Explanations from prospect and regulatory focus theories (2019)Investments in managerial hum…Lottery- and survey-based risk attitudes linked through a multichoice elicitation task (2017)Lottery- and survey-based ris…A loss averse competitive newsvendor problem with anchoring (2017)A loss averse competitive new…Experimental Design to Understand the Student Loan Decision: A Methodological Note (2016)Experimental Design to Unders…A Target-Based Foundation for the “Hard-Easy Effect” Bias (2016)A Target-Based Foundation for…Where You Stand Affects the Risks You Take: Socially Reference-Dependent Risk Attitudes (2015)Where You Stand Affects the R…No aspiration to win? An experimental test of the aspiration level model (2015)No aspiration to win? An expe…A Note on “Prospect Theory and the Newsvendor Problem” (2015)A Note on “Prospect Theory an…Investors’ Risk Preference Characteristics Based on Different Reference Point (2014)Investors’ Risk Preference Ch…You can’t be better than me: The role of the reference point in modulating people’s pursuit of wealth (2013)You can’t be better than me: …Advances in prospect theory: Cumulative representation of uncertainty (1992)Do Investors Trade Too Much? (1999)Familiarity Breeds Investment (2001)Investor Psychology and Asset Pricing (2001)The Structure of Scientific Revolutions (1963)Loss Aversion in Riskless Choice: A Reference-Dependent Model (1991)A perspective on judgment and choice: Mapping bounded rationality. (2003)Maps of Bounded Rationality: Psychology for Behavioral Economics (2003)Myopia and Inconsistency in Dynamic Utility Maximization (1973)Some empirical evidence on dynamic inconsistency (1981)Life Cycle, Individual Thrift, and the Wealth of Nations (1986)Norm theory: Comparing reality to its alternatives. (1986)Handbook of Emotions (1993)When and Why Incentives (Don't) Work to Modify Behavior (2011)Judgment under Uncertainty: Heuristics and Biases (1974)Perception of Risk (1987)Toward a Theory of Situation Awareness in Dynamic Systems (1995)Framing Processes and Social Movements: An Overview and Assessment (2000)Risk, Ambiguity, and the Savage Axioms (1961)Judgment under Uncertainty: Heuristics and Biases (1975)Exploration and Exploitation in Organizational Learning (1991)Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance (2007)Theory of games and economic behavior (2019)Studying Attrition and Degree Completion Behavior among First-Generation College Students in the United States (2006)Clientelism, Credibility, and the Policy Choices of Young Democracies (2007)Priceless: The Nonpecuniary Benefits of Schooling (2011)Mental accounting matters (1999)Experimental Tests of the Endowment Effect and the Coase Theorem (2000)Mental Accounting and Consumer Choice (2008)Are people conditionally cooperative? Evidence from a public goods experiment (2001)Altruistic punishment in humans (2002)Do Women Shy Away From Competition? Do Men Compete Too Much? (2007)
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References

  • 1979Prospect Theory: An Analysis of Decision under Risk48,459 cited
  • 1988Prospect theory: An analysis of decision under risk32,475 cited
  • 1981The Framing of Decisions and the Psychology of Choice17,834 cited
  • 2007z-Tree: Zurich toolbox for ready-made economic experiments9,517 cited
  • 1988Status quo bias in decision making5,912 cited
  • 1995Myopic Loss Aversion and the Equity Premium Puzzle2,486 cited
  • 1990Gambling with the House Money and Trying to Break Even: The Effects of Prior Outcomes on Risky Choice2,378 cited
  • 1980The Economics of Education2,257 cited
  • 1993Myopic Loss Aversion and the Equity Premium Puzzle1,799 cited
  • 1987Anticipation and the Valuation of Delayed Consumption1,330 cited
  • 1997An Experiment on Risk Taking and Evaluation Periods1,280 cited
  • 2025A Glance on Changing Workplace Dynamics Post Covid-19 in India: A Review of Psychological Employee Withdrawal Behavior1,228 cited
  • 1987Between Hope and Fear: The Psychology of Risk1,174 cited
  • 2000Behavioral Portfolio Theory1,040 cited
  • 1999Goals as Reference Points1,008 cited
  • 1997

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Perceived Risk Attitudes: Relating Risk Perception to Risky Choice
828 cited

Cited by

  • 2019Pricing and ordering by a loss averse newsvendor with reference dependence49 cited
  • 2014Investors’ Risk Preference Characteristics Based on Different Reference Point46 cited
  • 2017A loss averse competitive newsvendor problem with anchoring45 cited
  • 2017Lottery- and survey-based risk attitudes linked through a multichoice elicitation task38 cited
  • 2021Managing Overconfident Newsvendors: A Target‐Setting Approach30 cited
  • 2020Capital Gains Overhang with a Dynamic Reference Point29 cited
  • 2022Do people care about loss probabilities?27 cited
  • 2019Investments in managerial human capital: Explanations from prospect and regulatory focus theories22 cited
  • 2015No aspiration to win? An experimental test of the aspiration level model21 cited
  • 2015A Note on “Prospect Theory and the Newsvendor Problem”21 cited
  • 2021Let your past define your future? How recalling successful financial experiences can increase beliefs of self‐efficacy in financial planning20 cited
  • 2013You can’t be better than me: The role of the reference point in modulating people’s pursuit of wealth18 cited
  • 2019Ordering bias with two reference profits: Exogenous benchmark and minimum requirement16 cited
  • 2016A Target-Based Foundation for the “Hard-Easy Effect” Bias8 cited
  • 2016Experimental Design to Understand the Student Loan Decision: A Methodological Note7 cited
  • 2015Where You Stand Affects the Risks You Take: Socially Reference-Dependent Risk Attitudes7 cited