Is the natural rate a reference point?

Market Experience is a Reference Point in Judgments of Fairness

People’s desire for fair transactions can play an important role in negotiations, organizations, and markets. In this paper, we show that markets can also shape what people consider to be a fair transaction. We propose a simple and generally-applicable model of path-dependent fairness preferences, in which past experiences shape preferences, and we experimentally test the model’s predictions. W...

Is esophageal atresia a natural way of fasting?

The Centroid is a Reference Point for the Symmetric Difference in d Dimensions

It is shown that the centroid is a reference point for the symmetric difference with loss factor cz = 1 + 2 d 2 d+1 < 1 + 2d for convex figures under affine transformations. This generalizes an earlier result for two dimensions.

Fingerprint Reference Point Detection

A robust fingerprint recognition algorithm should tolerate the rotation and translation of the fingerprint image. One popular solution is to consistently detect a unique reference point and compute a unique reference orientation for translational and rotational alignment. This paper develops an effective algorithm to locate a reference point and compute the corresponding reference orientation c...

Reference Point Heterogeneity

It is well-established that, when confronted with a decision to be taken under risk, individuals use reference payoff levels as important inputs. The purpose of this paper is to study which reference points characterize decisions in a setting in which there are several plausible reference levels of payoff. We report an experiment, in which we investigate which of four potential reference points...