Empirical evidence from sequential auctions shows that prices of identical goods tend to
decline between rounds. In this paper, I show how expectations-based reference-dependent …

We introduce expectations-based loss aversion, which can explain the empirically well-
documented endowment and attachment effect, into the classical bilateral-trade setting …

A Bayesian agent experiences gain-loss utility each period over changes in belief about
future consumption (" news utility"), with diminishing sensitivity over the magnitude of news …

A Bayesian agent experiences gain–loss utility each period over changes in belief about
future consumption (news utility) with diminishing sensitivity over the magnitude of news …

Essays in Economic Theory Page 1 Essays in Economic Theory a dissertation presented by
Jetlir Duraj to The Department of Economics in partial fulfillment of the requirements for the …

Part 1 investigates the effect of interest policy on price bubbles and trading behavior in
experimental stock markets. A series of experiments has 8 participants trade an asset over …