A study on reference-dependent choice procedures with endogenously determined reference(s)

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This year, my main work has involved summarizing results from academic articles. I have written two articles as part of the research project. The first paper focuses on differentiating the roles of reference alternatives. In this article, I have refined the explanations to better illustrate the relationships and differences between various roles of the reference alternatives, including the endowment effect, loss aversion, and reference-dependent shortlisting.The second article summarizes the results related to the coalitional multi-self model, which demonstrates the connection between the dual-self and multi-self models. The analysis provides valuable insights into modeling choices across different settings.I have also developed new ideas on random choice models that can make use of the results I have achieved so far. In particular, both the reference-dependent shortlisting model and the coalitional multi-self model shed light on the development of random utility models. The former can be directly transformed into the random choice framework. The latter leads to the insight that the underlying selves can exhibit structure.My primary objective for the upcoming academic year is to publish the results of my research and begin analyzing the random utility models.