summarized in a so-called "Prospect Theory". These biases are quite obvious if one compares data of affected and unaffected … people. But this theory offers, as well, a way to get results more accurate. …

Die vorliegende Studie geht der heiklen Frage nach, ob und wie der Nutzen einer öffentlichen Maßnahme gemessen werden … hinausgehenden Nutzen beimessen, sondern es wird auch auf Grund einer ökonometrischen Analyse der Einzelgebote (Schätzung multipler … Zahlungsbereitschaftfunktionen) gezeigt, daß die erfaßten Wertschätzungen in vergleichsweise hohem Maß valide sind, der Nutzen Umweltrisiken …

In this paper, we connect the social network theory on centrality measures to the economic theory of preferences and … utility. Using the fact that networks form a special class of cooperative TU-games, we provide a foundation for the degree … measure as a von Neumann-Morgenstern expected utility function reflecting preferences over being in different positions in …

This paper presents a cardinal measure of choice consistency for perturbed utility models. The measure of choice … consistency is built on additive errors to the model. The additive errors are meaningful since the perturbed utility model is … cardinal and utility differences are meaningful. We introduce errors to maximization that are relational in that the size of …

This paper offers a micro-founded general definition of poverty set in the context of utility theory. Poverty and non … adjustment to social expectations. Each of the states can be fully described by a separate technology of utility production. The …