A key question in the literature on motivated reasoning and self-deception is how motivated
beliefs are sustained in the presence of feedback. In this paper, we explore dynamic …

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 …

Evidence suggests that participants in strategy-proof matching mechanisms play dominated
strategies. To explain the data, we introduce expectation-based loss aversion into a school …

How do people react to setbacks and successes? I use a laboratory experiment to determine
the effect of winning and losing in a competition on the willingness to seek further …

Recent evidence suggests that investors are inattentive to their portfolios and hire expensive
portfolio managers. This paper develops a life‐cycle portfolio‐choice model in which the …

In this paper we examine individuals' attitudes toward the timing of information. We test a
theoretical prediction that people prefer to get information “clumped together” rather than …

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 …