Reference Points and Learning

Alan Beggs

No 767, Economics Series Working Papers from University of Oxford, Department of Economics

Abstract: Abstract This paper studies learning when agents evaluate outcomes in comparison to a reference point. It shows that certain models of reinforcement learning lead toclasses of recursive preferences.

Keywords: Reference points; Reinforcement Learning; Recursive Preferences (search for similar items in EconPapers)
JEL-codes: D83 D87 (search for similar items in EconPapers)
Date: 2015-11-20
New Economics Papers: this item is included in nep-mic and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Journal Article: Reference points and learning (2022)
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