Experimental and empirical evidence shows that the utility an individual derives from a certain state depends on the … outcomes of either the individual herself or her reference group. The experiment described in this paper suggests that, in … reference states - and hence utility - can relatively easily be influenced without changing people’s outcomes, e.g., through …

dependent utility, students exhibit approximately risk neutral preferences while subjects drawn from the general population … adopt the framework of expected utility theory, our estimation results lead to erroneous inferences. In this case, students … implications for economic policy making under uncertainty. -- risk aversion ; CRRA ; expo-power ; rank dependent utility ; multiple …

We conduct a laboratory experiment with a constant-sum sender–receiver game and a sequential game of matching pennies …

candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …

priming, influence preference for competition. We focus on female professionals for whom these identities may conflict and … piece-rate and competitive-tournament compensation. For females, professional priming resulted in a significantly greater … preference for competition than gender/family priming. Priming had significantly different effects for males. This contrast …

We review the survey and experimental findings in the literature on attitudes to income inequality. We interpret the … attitudes toward the income distribution in a society: the normative and the comparative view. The first can be thought of as …-interest, as individuals’ inequality attitudes depend not only on how much income they receive but also on how much they receive …

of a weakly separable utility function. We show that verifying these revealed preference conditions is np-hard. We also … separability of the indirect utility function. We illustrate the practical usefulness of the approach by an empirical application …

, attitudes, consumption and savings, and development economics. We stress five themes. First, the demand for entertainment plays …