Travel behavior entails several interrelated decisions made by people, as well as the execution of routines not preceded by deliberate decisions. Furthermore, travel decisions are dependent on choices to participate in activities. A conceptual framework is proposed as the basis of a...

Returns of equities tend to exhibit momentum in the short to medium term and reversals in the longer term. While presenting results partly supporting such findings, we demonstrate that investors rely on multiple reference points in their trading behaviour. In particular it is shown that the...