Reference-Dependence, Loss Aversion, and Endowment Effect

Han Bleichrodt ()
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Han Bleichrodt: University of Alicante

Chapter Chapter 7 in Behavioural Economics, 2025, pp 125-149 from Springer

Abstract: Abstract Behavioural economics has made many contributions to decision under uncertainty and to intertemporal choice. I will discuss these in the chapters to come. In this chapter I discuss contributions which are not particularly tied to risk and time. I start with prospect theory’s utility function. Prospect theory explains decision under risk, but its utility function has also been applied to other decision contexts.

Date: 2025
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DOI: 10.1007/978-3-031-69166-9_7

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