K?szegi and Rabin

I have received some question as to whether this paper is in the curriculum.

The general idea of K?szegi and Rabin - that the reference point is the expected outcome - is discussed in the survey of the Endowment effect, Actually it is quite central to the discussion. For this reason I have both discussed the paper in class and in a seminar. Still, the papaer is not mandatory reading. You only need to know the discussion in the survey paper.

Kjell Arne