Are Reference Points Merely Lagged Beliefs Over Probabilities?
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What explains the mixed evidence from laboratory tests of Kszegi and Rabins (2006 and later) model of expectations-based reference-dependent preferences? We investigate one hypothesis: to become (behavior-affecting) reference points, probability beliefs have to sink inbeing merely lagged, as the
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美国国家经济研究局创建时间：
2018-06-01
