findings are robust to both choice and pricing tasks. We discuss the implications of our findings for various decision …

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 …

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 …

Carlo simulations. Preferences are modeled by time-additive expected utility and, alternatively, by recursive non …-expected utility. The empirical results for the period 1960 to 1994 confirm those for the U.S. and favour the use of recursive non …-expected utility which clearly distinguishes between risk preference and time preference. The leverage approach yields the first moment …

choices can be excluded on the basis of a decision maker's v. Neumann-Morgenstern utility function, her knowledge of past … normative theory as well. -- Bayesianism ; Bayesian learning ; decision theory ; expectations ; learning ; rational expectations … ; rationality ; rationalizability ; subjectively expected utility theory ; subjective probability …

model generalizes many well known utility functions for intertemporal decision making under risk. A decision maker with a …We propose a novel utility representation for preferences over risky timed outcomes. The weighted temporal utility … weighted temporal utility function can have time consistent yet non-stationary preferences or stationary yet time inconsistent …

. Decision Utility Theory presents an alternative solution, which makes no use of this concept. The new theory distinguishes … (1952), and applies the expected decision utility value similarly to the theory by von Neumann and Morgenstern (1944 …). Decision Utility Theory proposes straightforward risk measures, presents a simple explanation of risk attitudes by using the …

. Decision Utility Theory presents an alternative solution, which makes no use of this concept. The new theory postulates a … double S-shaped decision utility curve similar to the one hypothesized by Markowitz (1952), and applies the expected decision … utility value similarly to the theory of von Neumann and Morgenstern (1944). This work is a PhD dissertation; it contains …