14.13 | Spring 2020 | Undergraduate, Graduate

Psychology and Economics

Video Lectures

Lecture 9: Reference-Dependent Preferences

Description: In this video, Prof. Schilbach explains reference-dependent preferences, a central principle in prospect theory, that is, a person evaluates outcomes and expresses preferences relative to an existing reference point.

Instructor: Prof. Frank Schilbach

Course Info

As Taught In
Spring 2020
Learning Resource Types
Lecture Videos
Problem Sets with Solutions
Lecture Notes
Exams with Solutions
Instructor Insights