The Limits of Expectations-based Reference Dependence

An Efficient Method for Knock Signal Denoising in Spark Ignition Engine

One of the factors that affects the efficiency and lifetime of spark ignited internal combustion engine is “knock”. Knock sensor is a commonly used to detect this phenomenon. However, noise, limits detection accuracy of this sensor. In this study, Empirical Mode Decomposition (EMD) method is introduced as a fully adaptive signal-based analysis. Then, based on weighting decomposition...

Explaining 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...

The dependence of the modulus of elasticity on reference temperature in the theory of generalized thermoelastic diffiusion with one relaxation time

Using Regression based Control Limits and Probability Mixture Models for Monitoring Customer Behavior

In order to achieve the maximum flexibility in adaptation to ever changing customer’s expectations in customer relationship management, appropriate measures of customer behavior should be continually monitored. To this end, control charts adjusted for buyer’s/visitor’s prior intention to repurchase or visit again are suitable means taking into account the heterogeneity across customers. In the ...

Expectations and Aspirations: Explaining Ambitious Goal-setting and Nonconvex Preferences

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...