Failing to Foresee the Updating of the Reference Point Leads to Time-Inconsistent Investment
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DOI: 10.1287/opre.2019.1872
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Cited by:
- Rawley Heimer & Zwetelina Iliewa & Alex Imas & Martin Weber, 2021.
"Dynamic Inconsistency in Risky Choice: Evidence From the Lab and Field,"
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crctr224_2021_274, University of Bonn and University of Mannheim, Germany.
- Rawley Heimer & Zwetelina Iliewa & Alex Imax & Martin Weber, 2021. "Dynamic Inconsistency in Risky Choice: Evidence from the Lab and Field," ECONtribute Discussion Papers Series 094, University of Bonn and University of Cologne, Germany.
- Rawley Z. Heimer & Zwetelina Iliewa & Alex Imas & Martin Weber, 2023. "Dynamic Inconsistency in Risky Choice: Evidence from the Lab and Field," NBER Working Papers 30910, National Bureau of Economic Research, Inc.
- Jia Yue & Ming-Hui Wang & Nan-Jing Huang, 2022. "Global Optimal Consumption–Portfolio Rules with Myopic Preferences and Loss Aversion," Computational Economics, Springer;Society for Computational Economics, vol. 60(4), pages 1427-1455, December.
- Lou, Youcheng & Strub, Moris S. & Li, Duan & Wang, Shouyang, 2021. "The impact of a reference point determined by social comparison on wealth growth and inequality," Journal of Economic Dynamics and Control, Elsevier, vol. 127(C).
- Balter, Anne G. & Mahayni, Antje & Schweizer, Nikolaus, 2021. "Time-consistency of optimal investment under smooth ambiguity," European Journal of Operational Research, Elsevier, vol. 293(2), pages 643-657.
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Keywords
reference-dependent preferences; reference point updating; time-inconsistency; stochastic control; portfolio selection; prediction bias;All these keywords.
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