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Extensive field and experimental evidence in a variety of environments show that behavior depends on a reference point. This paper provides an axiomatic characterization of this dependence. We proceed by imposing gradually more structure on both choice correspondences and preference relations,...
Persistent link: https://www.econbiz.de/10011253108
strong evidence that bulimia should be considered an addiction. We also find that African Americans are more likely to …
Persistent link: https://www.econbiz.de/10010801244
We provide new cross-country evidence on smoking persistence in Europe, which can be due to both true state dependence … methods, applied to both the smoking participation and the cigarette consumption decision. We find that for both smoking … regulations, social norms on and tolerance towards smoking, and awareness of its health risks. …
Persistent link: https://www.econbiz.de/10010547263