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Failing to Foresee the Updating of the Reference Point Leads to Time-Inconsistent Investment
16 references·8 citing·37 second hop
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this work references cited by second hop

References

  • 1979Prospect Theory: An Analysis of Decision under Risk48,459 cited
  • 1992Advances in prospect theory: Cumulative representation of uncertainty15,457 cited
  • 1974Does Economic Growth Improve the Human Lot? Some Empirical Evidence4,501 cited
  • 1955Myopia and Inconsistency in Dynamic Utility Maximization2,834 cited
  • 1973Myopia and Inconsistency in Dynamic Utility Maximization2,743 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
  • 1991Time-inconsistent Preferences and Consumer Self-Control1,370 cited
  • 2003Projection Bias in Predicting Future Utility1,116 cited
  • 2000Continuous-Time Mean-Variance Portfolio Selection: A Stochastic LQ Framework1,009 cited
  • 2000Optimal Dynamic Portfolio Selection: Multiperiod Mean‐Variance Formulation994 cited
  • 2009What Drives the Disposition Effect? An Analysis of a Long‐Standing Preference‐Based Explanation711 cited
  • 1999Wouldn’t it be nice? Predicting future feelings529 cited
  • 2011Realization utility439 cited
  • 2004Optimal Portfolio Choice under Loss Aversion412 cited

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  • 2011Reference-Point Formation and Updating317 cited
  • Cited by

    • 2017Time-Consistency of Optimal Investment under Smooth Ambiguity33 cited
    • 2022How Endogenization of the Reference Point Affects Loss Aversion: A Study of Portfolio Selection19 cited
    • 2020Dynamic Inconsistency in Risky Choice: Evidence from the Lab and Field17 cited
    • 2024Dynamic Inconsistency in Risky Choice: Evidence from the Lab and Field13 cited
    • 2023Dynamic Inconsistency in Risky Choice: Evidence from the Lab and Field10 cited
    • 2023Dynamic Inconsistency in Risky Choice: Evidence from the Lab and Field6 cited
    • 2023Dynamic Inconsistency in Risky Choice: Evidence from the Lab and Field4 cited
    • 2019Mental Adjustment of the Reference Point and Its Affect on Portfolio Selection under Loss Aversion3 cited