A fixed point of reference is something that is consistent and does not change. One example is the North Star. Even centuries ago, sailors would use an instrument called a sextant and as long as they ...

Johnson argues decision makers should identify which reference points different evaluators are using. Then, they should focus on using evaluations with the most relevant, valid reference points.

On Earth, a compass can be a vital tool. Compasses have provided a constant point of reference for humans for over 800 years, enabling us to successfully navigate to the far reaches of the planet.

This paper provides field evidence on how reference points adjust, a degree of freedom in reference-dependence models. Examining this in the context of cabdrivers’ daily labor-supply behavior, we ask ...

Sources at the US Treasury Department have told NHK that Washington may lower the tariff on Japanese vehicles and other ...