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title:(A AND test AND of AND the AND theory AND of AND reference-dependent AND preferences\: AND The AND trade-off AND between AND money AND and AND time)

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1 Conference paper

A test of the theory of reference-dependent preferences: The trade-off between money and time

De Borger, M.; Fosgerau, Mogens

World Conference on Transport Research — 2007

Year: 2007

Language: English

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2 Journal article

The trade-off between money and time: A test of the theory of reference-dependent preferences

We formulate a model of reference-dependent preferences based on the marginal rate of substitution at the reference-point of a reference-free utility function. Using binary choices on the trade-off between money and travel time, reference-dependence is captured by value functions that are centered

Year: 2008

Language: English

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