Reference points and negative reciprocity in simple sequential games

摘要: We investigate experimentally whether preferences over an outcome depend on what other possible outcomes of the situation under consideration are, i.e., choices are “menu dependent.” In simple sequential games we analyze reactions to a certain benchmark influenced by changes in payoffs another outcome, not attainable at that time, called “reference point.” Our data provide evidence is favorable notion menu dependence. Alterations reference point can lead quantitatively significant behavior outcome. The observe be interpreted terms negative reciprocity. Journal Economic Literature Classification Numbers: C91, C92, C72.