Gollier, Christian (contributor); … - 2006
allocation.
1Introduction
In the classical expected utility (EU) model, decision makers are assumed to
be ironmen. The risks …-
pected utility generated from anticipatory feelings and of the disappointment-
sensitive objective expected utility of the …
payoff by the objective expected utility
EU(Q,y)=Σ
s
q
s
U(c
s
,y). (1)
We assume that the bivariate function U is at least …