Is it still in our curriculum?
if yes, how does it differ from loss aversion?
thanks
Is it still in our curriculum?
if yes, how does it differ from loss aversion?
thanks
That’s quite some bumping.
Is it anything like availability bias (especially recency sub bias) ?
No, it has nothing to do with this.
The reference point bias means that you base your decision as related to a reference price e.g purtchase price.
It has been quite tested in early 2000s
Ok so maybe closer to anchoring bias ?
Yeah sounds like anchoring to me - I read the curriculum and don’t remember coming across reference point bias.
Neither do I. Anchor thing. I guess.