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A key open question for theories of reference-dependent preferences is what determines the reference point. One …-based reference-dependent preferences: if expectations are high, subjects work longer and earn more money than if expectations are low. …
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population. Our results indicate that there is considerable heterogeneity in preferences for equity in the population. Changes in … preferences have an important impact on decisions of dictators in the dictator game and responders in the ultimatum game, but a …
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We experimentally test Kőszegi and Rabin's (2006, 2007) theory of reference-dependent preferences in the context of …
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Economists have been reluctant to rely on culture as a possible determinant of economic phenomena. The notion of culture is so broad and the channels through which it can enter the economic discourse so vague that it is difficult to design testable hypotheses. In this paper we show this does...
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