---
title: Asset Pricing with Reference-dependent Preferences
url: https://www.ml-quant.com/papers/ssrn/5269148/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 5269148
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5269148
featured: 2025-05-30
citations: unknown
topic: Asset Pricing & Factors
---


# Asset Pricing with Reference-dependent Preferences

The study suggests that asset prices can be influenced by sentiment-driven preferences, which may explain inconsistencies in stock returns and economic fundamentals.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5269148
- Identifier: SSRN 5269148
- Released: 2023-02-01
- First featured: Quant Letter No. 99 (2025-05-30): https://www.ml-quant.com/issues/2025-05-30/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Asset Pricing & Factors

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