The literature on the energy-efficiency gap discusses the status-quo bias as a behavioral anomaly that potentially increases the energy consumption of a household through at least three channels: (1) by making consumers keep their energy-using durables as long as possible, until wearout forces...

Reference-dependent choice behavior implies behavioral anomalies such as the so-called attraction effect, status quo bias, and endowment effect. This paper builds a new theory of revealed preference capturing preferences that depend on a reference point. The first main contribution of this work...

This paper investigates preferences for various environment-friendly production system for carrots using discretechoice multi-attribute stated-preference data amongst buyers and explore the effect of collective reputations from growers of an Alpine valley known to be completely dedicated to...

Stated choice analysis is now a widely used and accepted methodology for exploringfood choice. In stated choice experiments respondents are asked to make a choice betweentwo or more alternatives, one of which typically takes the form of a ‘buy none’option. It is widely recognised that...

Reference-dependent choice behavior implies behavioral anomalies such as the so-called attraction effect, status quo bias, and endowment effect. This paper builds a new theory of revealed preference capturing preferences that depend on a reference point. The first main contribution of this work...

Markowitz (1952) hat gezeigt, dass es für risikoaverse Wirtschaftssubjekte sinnvoll ist, das Vermögen auf verschiedene Anlageinstrumente zu verteilen. Doch erweist sich in der Praxis, dass Wirtschaftssubjekte häufig nicht-optimal diversifizierte Portfolios halten. Es gibt viele mögliche...

The literature on the energy-efficiency gap discusses the status-quo bias as a behavioral anomaly that potentially increases the energy consumption of a household through at least three channels: (1) by making consumers keep their energy-using durables as long as possible, until wearout forces...

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,...