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This paper introduces two ideas, emotional state dependent utility components (ESDUCs), and evolutionary perfect …
Persistent link: https://www.econbiz.de/10011410673
The following analysis is meant to contribute to a history of rational choice theory. More specifically, I provide a … multi-layered account of rational choice theory in terms of its biography as a scientific object. I argue that its axiomatic … version, choice theory traveled between different research sites, specified within the context of different mathematical …
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One of the most well-known models of non-expected utility is Gul (1991)'s model of Disappointment Aversion. This model …, however, is defined implicitly, as the solution to a functional equation; its explicit utility representation is unknown …
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Under uncertainty, regret is a function depending on both the realized outcome and forgone outcome on a state. This paper studies a general and simple model that only regret-based decisions are assumed without other restrictions such as additive separability, the existence of objective...
Persistent link: https://www.econbiz.de/10014350753
Previous research on public-good games revealed greater contributions by fast decision-makers than by slow decision … location of the equilibrium determines whether contributions are larger for fast decision-makers than for slow decision …-makers. Replicating previous results, we find that fast decision-makers give more than slow decision-makers when the equilibrium is below …
Persistent link: https://www.econbiz.de/10012925616
to one self. Each self is assumed to have the same utility function as the decision maker. We introduce the notions of …The paper considers a class of decision problems with in_nite time horizon that contains Markov decision problems as an … important special case. Our interest concerns the case where the decision maker cannot commit himself to his future action …
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