Reference Dependence—Economic Implications

“Reference dependence” is one of the most central concepts in behavioral economics. Learn how human beings use value to create an expectation or reference point in many decision-making situations, leading to biases that affect choices. Consider how these biases influence both individual and market behavior, and how understanding them can help us make better decisions.

English
  • Created August 22, 2019 by
    Administrator admin
  • Modified August 22, 2019 by
    Administrator admin