Working paper
Reference points and learning
- Abstract:
- This paper studies learning when agents evaluate outcomes in comparison to a reference point. It shows that certain models of reinforcement learning lead toclasses of recursive preferences.
- Publication status:
- Published
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(Preview, Version of record, pdf, 314.3KB, Terms of use)
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Authors
- Publisher:
- University of Oxford
- Series:
- Department of Economics Discussion Paper Series
- Publication date:
- 2015-11-20
- Paper number:
- 767
- Keywords:
- Pubs id:
-
1143629
- Local pid:
-
pubs:1143629
- Deposit date:
-
2020-12-15
- ARK identifier:
Terms of use
- Copyright date:
- 2015
- Rights statement:
- Copyright 2015 The Author(s)
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