Status Quo Maintenance Reconsidered: Changing or Incomplete Preferences?
نویسندگان
چکیده
منابع مشابه
Status Quo Maintenance Reconsidered: Changing or Incomplete Preferences?*
After reviewing the evidence for status quo maintenance (SQM), I consider how to reconcile SQM with traditional consumer theory. Behavioural economists usually let agents’ preferences change as a function of their endowments, treating the same person with different endowments as a set of distinct agents. Many properties of preferences then become immune to empirical test and it becomes impossib...
متن کاملChanging the Status Quo-PAPER.pub
The most problematic challenges in business these days are associated with getting organizations to change the way they operate. It’s not enough to clearly identify a problem and lay out an effective solution, expecting that people will be immediately persuaded by the common sense of it all. Most change agents have been frustrated to find perfectly good proposals greeted with skepticism or indi...
متن کاملStatus Quo or Decoy; An Experiment∗
The classical choice theory assumes that an individual’s choice does not depend on irrelevant alternatives or the way that alternatives are labeled; such as an endowment or a default. However, phenomena such as the “Status Quo Bias” and “Attraction Effect” which apparently imply violation of rationality, have been widely observed. Even though they exhibit similar pattern of choices, the relatio...
متن کاملAdrenocortical carcinoma: surgical progress or status quo?
HYPOTHESIS Outcome of patients with adrenocortical carcinoma (ACC) has improved with the advent of more widely available and higher quality imaging. Operative management strategies and use of adjuvant therapy have not changed. DESIGN Retrospective review of patient histories, imaging studies, operative data, adjuvant therapy, and outcomes at a single institution. Follow-up was complete for a ...
متن کاملExplaining Nonconvex Preferences with Aspirational and Status Quo Reference Dependence
Research in psychology typically distinguishes between expectations and aspirations, yet economic models that incorporate reference dependence generally assume a single reference point. We propose a dual reference point model in which loss aversion is determined by an expectations-based reference point and value function curvature is anchored relative to an aspiration level or goal. The model p...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: The Economic Journal
سال: 2004
ISSN: 0013-0133,1468-0297
DOI: 10.1111/j.1468-0297.2004.00257.x