@misc{Tenberge2010Refer-11814,
  year={2010},
  title={Reference-Dependent Preferences : Models and Experiments},
  author={Tenberge, Maximilian}
}

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    <dc:creator>Tenberge, Maximilian</dc:creator>
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    <dcterms:title>Reference-Dependent Preferences : Models and Experiments</dcterms:title>
    <dcterms:abstract xml:lang="eng">In economic situations people form expectations prior to their decisions. These expectations represent a reference point and exert a strong influence on decision making and preferences. This paper surveys the theory of reference-dependent preferences. I will summarize the theoretical framework and present experimental evidence in support of preferences being reference-dependent. Additionally, I will address the still open and fundamental questions of how expectations are formed. That is: How are reference points formed?</dcterms:abstract>
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