NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Reference-Dependent Preferences: Evidence from Marathon Runners

Eric J. Allen, Patricia M. Dechow, Devin G. Pope, George Wu

NBER Working Paper No. 20343
Issued in July 2014

---- Acknowledgements -----

We are grateful for the comments of Jeffrey Allen, Han Bleichrodt, Colin Camerer, Stefano DellaVigna, Enrico Diecidue, David Erkens, Craig Fox, Alastair Lawrence, Maria Loumioti, Cade Massey, Pete McGraw, Canice Prendergast, Richard Sloan, Nicholas Sly, Matthew Spiegel, James Zuberi, and seminar participants at Tilburg University, University of California, Berkeley, University of Chicago, University of Oregon, and University of Southern California and at the JDM Winter Symposium, the Behavioral Economics Annual Meeting (BEAM), and The Natural Experiments Workshop in Munich, Germany. Ilknur Aliyev, Sandy Garcia, Dan Walco, Bing Wang, and Rongchen Zhu provided invaluable research assistance. We also thank Dave McGillivray and Marc Davis of the Boston Athletic Association for providing us with historical data on Boston Marathon qualifying times. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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