Using data from an online brokerage, we examine the role of investor logins in trading
behavior. We find that a new reference point is created when an investor logs in and views …

This paper provides housing market evidence on the updating of reference points. I do so by
constructing a novel dataset that traces the transaction, refinancing, and listing history of US …

Time-constant trading thresholds are optimal for a large class of preferences and asset price
dynamics, including Expected Utility and the S-shaped reference-dependent utility of …