The endowment effect is among the best known findings in behavioral economics and has
been used as evidence for theories of reference-dependent preferences and loss aversion …

We provide evidence that classic lottery anomalies like probability weighting and loss
aversion are not special phenomena of risk. They also arise (and often with equal strength) …

I estimate the effects of collaborative and adversarial intergroup contact. I randomly
assigned Indian men from different castes to participate in cricket leagues or to serve as a …

Economics is increasingly using process data to make novel inferences about preferences
and predictions of choices. The measurement of response time (RT), the amount of time it …

Experimental economists currently lack a convention for how to pay subjects in experiments
with multiple tasks. We provide a theoretical framework for analyzing this question …

Over the last few decades behavioral economics has revolutionized the discipline. It has
done so by putting the human back into economics, by recognizing that people sometimes …

In this chapter, we present theories and applications of reference-dependent preferences.
We provide some historical perspective, but also move quickly to the current research …

This paper provides field evidence on how reference points adjust, a degree of freedom in
reference-dependence models. Examining this in the context of cabdrivers' daily labor …

Social reference points have been identified to be important determinants of individuals'
welfare. We investigate the consequences of social reference points for risk taking in a …

This paper develops a theoretical model of consumer demand for an energy conservation
program that involves non-binding, self-set goals. We present evidence from a Northern …