Does Buyer Knowledge of Seller's Initial Purchase Price Impact Housing Prices? A Behavioral Study on Anchoring and Multiple Reference Points

2002 ◽  
Keyword(s):  
Housing Prices ◽  
Price Impact ◽  
Reference Points ◽  
Behavioral Study ◽  
Purchase Price ◽  
Multiple Reference

Multiple reference points in pay satisfaction assessments

1997 ◽  
Author(s):  
Lisa Ordonez ◽  
Terry Connolly ◽  
Richard Coughlan
Keyword(s):  
Reference Points ◽  
Pay Satisfaction ◽  
Multiple Reference

Multiple reference points in satisfaction and fairness assessment

2000 ◽  
Vol 13 (3) ◽  
pp. 329-344 ◽  
Author(s):  
Lisa D. Ord��ez ◽  
Terry Connolly ◽  
Richard Coughlan
Keyword(s):  
Reference Points ◽  
Multiple Reference

scholarly journals Blade Tip-timing Technology with Multiple Reference Phases for Online Monitoring of High-speed Blades under Variable-speed Operation

2018 ◽  
Vol 18 (6) ◽  
pp. 243-250 ◽  
Author(s):  
Zhang Ji-wang ◽  
Zhang Lai-bin ◽  
Ding Ke-Qin ◽  
Duan Li-xiang
Keyword(s):  
High Speed ◽  
Online Monitoring ◽  
Rotation Speed ◽  
Experimental Tests ◽  
Reference Points ◽  
Variable Speed ◽  
Rotating Shaft ◽  
Virtual Reference ◽  
Blade Tip ◽  
Multiple Reference

Abstract High-speed blades form core mechanical components in turbomachines. Research concerning online monitoring of operating states of such blades has drawn increased attention in recent years. To this end, various methods have been devised, of which, the blade tip-timing (BTT) technique is considered the most promising. However, the traditional BTT method is only suitable for constant-speed operations. But in practice, the rotational speed of turbomachine blades is constantly changing under the influence of external factors, which lead to unacceptable errors in measurement. To tackle this problem, a new BTT method based on multi-phases is proposed. A plurality of phases was arranged as evenly as possible on the rotating shaft to determine the rotation speed. Meanwhile, the corresponding virtual reference point was determined in accordance with the number of blades between consecutive phases. Based on these reference points, equations to measure displacement due to blade vibrations were deduced. Finally, mathematical modeling, numerical simulation and experimental tests were performed to verify the validity of the proposed method. Results demonstrate that the error in measurement induced when using the proposed method is less than 1.8 %, which is much lower compared to traditional methods utilized under variable-speed operation.

Theoretical Study on the Capacity of Associative Memory with Multiple Reference Points

2007 ◽  
pp. 292-302
Author(s):  
Enrique Mérida-Casermeiro ◽  
Domingo López-Rodríguez ◽  
Gloria Galán-Marín ◽  
Juan M. Ortiz-de-Lazcano-Lobato
Keyword(s):  
Associative Memory ◽  
Theoretical Study ◽  
Reference Points ◽  
Multiple Reference

scholarly journals Capital Gains Overhang with a Dynamic Reference Point

2020 ◽  
Vol 66 (10) ◽  
pp. 4726-4745
Author(s):  
Christopher Riley ◽  
Barbara Summers ◽  
Darren Duxbury
Keyword(s):  
Stock Prices ◽  
Reference Point ◽  
Trading Volume ◽  
Reference Points ◽  
Capital Gains ◽  
Share Price ◽  
Purchase Price ◽  
Cross Sectional ◽  
Market Data ◽  
Salient Points

Financial models incorporating a reference point, such as the Capital Gains Overhang (CGO) model, typically assume it is fixed at the purchase price. Combining experimental and market data, this paper examines whether such models can be improved by incorporating reference-point adjustment. Using real stock prices over horizons from 6 months to 5 years, experimental evidence demonstrates that a number of salient points in the prior share price path are key determinants of the reference point, in addition to the purchase price. Market data testing is then undertaken by using the CGO model. We show that composite CGO variables, created by using a mix of salient points with weights determined in the experiment, have greater predictive power than the traditional CGO variable in both cross-sectional U.S. equity-return analysis and when analyzing the performance of double-sorted portfolios. In addition, future trading volume is more sensitive to changes in the composite CGO variables than to the traditional CGO, further emphasizing the importance of adjusting reference points. This paper was accepted by Tyler Shumway, Finance.

Multiple Reference Points in Sequential Hedonic Evaluation: An Empirical Analysis

2013 ◽  
Vol 50 (5) ◽  
pp. 563-577
Author(s):  
Tanuka Ghoshal ◽  
Eric Yorkston ◽  
Joseph C. Nunes ◽  
Peter Boatwright
Keyword(s):  
Empirical Analysis ◽  
Reference Points ◽  
Hedonic Evaluation ◽  
Multiple Reference
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