IDEAS home Printed from https://ideas.repec.org/p/ags/aaea26/404431.html

From Expectations to Experience: How Quality Reference Points Shape Willingness to Pay

Author

Listed:
  • Hu, Chenxi
  • Gao, Zhifeng
  • Jing, Yifan
  • Zhao, Xin
  • Sims, Charles A.

Abstract

No abstract is available for this item.

Suggested Citation

  • Hu, Chenxi & Gao, Zhifeng & Jing, Yifan & Zhao, Xin & Sims, Charles A., 2026. "From Expectations to Experience: How Quality Reference Points Shape Willingness to Pay," 2026 Annual Meeting, July 26 - 28, 2026, Kansas City, Missouri 404431, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea26:404431
    DOI: 10.22004/ag.econ.404431
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/404431/files/177502_194691_115232_From_Expectations_to_Experience_paper_draft.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.404431?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
    2. Richard H. Thaler, 2016. "Behavioral Economics: Past, Present, and Future," American Economic Review, American Economic Association, vol. 106(7), pages 1577-1600, July.
    3. Xiang Bi & Lisa House & Zhifeng Gao & Fred Gmitter, 2012. "Sensory Evaluation and Experimental Auctions: Measuring Willingness to Pay for Specific Sensory Attributes," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 94(2), pages 562-568.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Aldo Montesano, 2019. "On some aspects of decision theory under uncertainty: rationality, price-probabilities and the Dutch book argument," Theory and Decision, Springer, vol. 87(1), pages 57-85, July.
    2. Hurmeranta, Risto & Lyytikäinen, Teemu, 2025. "Nominal Loss Aversion in the Housing Market and Household Mobility," Working Papers 178, VATT Institute for Economic Research.
    3. Benchimol, Jonathan & Bounader, Lahcen & Dotta, Mario, 2025. "Estimating Behavioral Inattention," Journal of Economic Behavior & Organization, Elsevier, vol. 236(C).
    4. Alexander Harin, 2024. "About a “Certain-uncertain†Inconsistency within the Generally Accepted Experimental Procedures of Behavioral Economics," International Journal of Economics and Financial Research, Academic Research Publishing Group, vol. 10(2), pages 17-30, 06-2024.
    5. Ivan Moscati, 2022. "Behavioral and heuristic models are as-if models too — and that’s ok," BAFFI CAREFIN Working Papers 22177, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    6. William J. Congdon & Maya Shankar, 2018. "The Role of Behavioral Economics in Evidence-Based Policymaking," The ANNALS of the American Academy of Political and Social Science, , vol. 678(1), pages 81-92, July.
    7. Heutel, Garth, 2019. "Prospect theory and energy efficiency," Journal of Environmental Economics and Management, Elsevier, vol. 96(C), pages 236-254.
    8. Tramontana, Fabio, 2021. "When a boundedly rational monopolist meets consumers with reference dependent preferences," Journal of Economic Behavior & Organization, Elsevier, vol. 184(C), pages 30-45.
    9. Stephen Martin, 2018. "Behavioral antitrust," Chapters, in: Victor J. Tremblay & Elizabeth Schroeder & Carol Horton Tremblay (ed.), Handbook of Behavioral Industrial Organization, chapter 15, pages 404-454, Edward Elgar Publishing.
    10. Lucia A Reisch, 2021. "Shaping healthy and sustainable food systems with behavioural food policy [The impacts of dietary change on greenhouse gas emissions, land use, water use, and health: a systematic review]," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 48(4), pages 665-693.
    11. Harin, Alexander, 2018. "Inequalities and zones. New mathematical results for behavioral and social sciences," MPRA Paper 90326, University Library of Munich, Germany.
    12. Martin Kesternich & Christiane Reif & Dirk Rübbelke, 2017. "Recent Trends in Behavioral Environmental Economics," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 67(3), pages 403-411, July.
    13. Zhang, Yunyun & Guan, Hongyu & Du, Kang & Huang, Juerong, 2022. "The impact of message framing on uptake of vision health services for rural students in China: A randomized control trial," China Economic Review, Elsevier, vol. 76(C).
    14. Harin, Alexander, 2023. "To solve old problems of economics. The experimental background," MPRA Paper 117157, University Library of Munich, Germany.
    15. Bogliacino, Francesco & Codagnone, Cristiano, 2021. "Microfoundations, behaviour, and evolution: Evidence from experiments," Structural Change and Economic Dynamics, Elsevier, vol. 56(C), pages 372-385.
    16. Pragati Hemrajani & Rajni & Rahul Dhiman, 2024. "Retail Investors’ Financial Risk Tolerance and Risk-taking Behaviour: The Role of Psychological Factors," FIIB Business Review, , vol. 13(1), pages 87-105, January.
    17. Katharina Dowling & Daniel Guhl & Daniel Klapper & Martin Spann & Lucas Stich & Narine Yegoryan, 2020. "Behavioral biases in marketing," Journal of the Academy of Marketing Science, Springer, vol. 48(3), pages 449-477, May.
    18. Vikas Prakash, 2026. "Rationality and Optimizing Behaviour of Technology-aided Consumers: A Critique on Perspectives of Behavioural Economists," FIIB Business Review, , vol. 15(2), pages 150-162, March.
    19. Harin, Alexander, 2019. "Forbidden zones for the expectations of measurement data and problems of behavioral economics," MPRA Paper 91368, University Library of Munich, Germany.
    20. Stefano Elia & Marcus M. Larsen & Lucia Piscitello, 2019. "Entry mode deviation: A behavioral approach to internalization theory," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 50(8), pages 1359-1371, October.

    More about this item

    Keywords

    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaea26:404431. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.