Maximal Elements Under Reference-Dependent Preferences with Applications to Behavioral Traps and Games

被引:0
|
作者
Fabián Flores-Bazán
Dinh The Luc
Antoine Soubeyran
机构
[1] University of Concepcion,CI2MA, Departamento de Ingeniería Matemática
[2] University of Avignon,LANG
[3] University of Aix-Marseille,GREQAM
关键词
Maximal element; Worthwhile to-change function; Behavioral traps; Nash equilibrium; Maximum principle;
D O I
暂无
中图分类号
学科分类号
摘要
We study reference-dependent preference relations defined by a real-valued bivariate function and prove an existence criterion for maximal elements. Then we formulate a generalized version of the well-known Brondsted maximum principle and apply it to behavioral traps and Nash equilibrium in games with preference relations that are not necessarily partial orders.
引用
收藏
页码:883 / 901
页数:18
相关论文
共 50 条
  • [1] Maximal Elements Under Reference-Dependent Preferences with Applications to Behavioral Traps and Games
    Flores-Bazan, Fabian
    Dinh The Luc
    Soubeyran, Antoine
    JOURNAL OF OPTIMIZATION THEORY AND APPLICATIONS, 2012, 155 (03) : 883 - 901
  • [2] Partial liquidation under reference-dependent preferences
    Vicky Henderson
    Jonathan Muscat
    Finance and Stochastics, 2020, 24 : 335 - 357
  • [3] Partial liquidation under reference-dependent preferences
    Henderson, Vicky
    Muscat, Jonathan
    FINANCE AND STOCHASTICS, 2020, 24 (02) : 335 - 357
  • [4] On the theory of reference-dependent preferences
    Munro, A
    Sugden, R
    JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION, 2003, 50 (04) : 407 - 428
  • [5] A model of reference-dependent preferences
    Koszegi, Botond
    Rabin, Matthew
    QUARTERLY JOURNAL OF ECONOMICS, 2006, 121 (04): : 1133 - 1165
  • [6] Asset prices under habit formation and reference-dependent preferences
    Yogo, Motohiro
    JOURNAL OF BUSINESS & ECONOMIC STATISTICS, 2008, 26 (02) : 131 - 143
  • [7] Reference-dependent preferences and probability judgments
    Ishii, Takaharu
    JOURNAL OF ASIAN ECONOMICS, 2023, 86
  • [8] Bankruptcy problems with reference-dependent preferences
    Gallice, Andrea
    INTERNATIONAL JOURNAL OF GAME THEORY, 2019, 48 (01) : 311 - 336
  • [9] A test of the theory of reference-dependent preferences
    Bateman, I
    Munro, A
    Rhodes, B
    Starmer, C
    Sugden, R
    QUARTERLY JOURNAL OF ECONOMICS, 1997, 112 (02): : 479 - 505
  • [10] Price expectations and reference-dependent preferences
    Rutledge, Robert M.
    Alladi, Vinayak
    Cheung, Stephen L.
    JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION, 2025, 231