What is the role of structural estimation in behavioral economics? I discuss advantages, and
limitations, of the work in Structural Behavioral Economics. I also cover common modeling …

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 …

Theories of expectations-based reference-dependent preferences have provided a critical
modeling innovation, incorporating a structured theory of the formation of reference points …

We study a unique field experiment in India in which 1.5 million stock investors face lotteries
for the random allocation of shares. We find that the winners of these randomly assigned …

Valuation gaps and exchange asymmetries are among the most widely studied phenomena
in the field of behavioral economics. They are also among the most widely applied in the law …

What explains the mixed evidence from laboratory tests of Kőszegi and Rabin's (2006 and
later) model of expectations-based reference-dependent preferences? We investigate one …

A key prediction of expectations-based reference-dependent preferences and loss aversion
in second-price auctions with private values is that the number of bidders should affect bids …

We utilize a laboratory experiment to compare effort provision under optimal tournament
contracts with different distributions of prizes which motivate agents to compete to be first …