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understanding of their relative importance. We propose a multi-attribute random utility model that unifies prior theoretical …
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We examine whether social preferences are determined by hormones. We do this by investigating whether markers for the strength of prenatal testosterone exposure (finger length ratios) and current exposure to progesterone and oxytocin (the menstrual cycle) are correlated with choices in social...
Persistent link: https://www.econbiz.de/10011385989
Does attention have a causal impact on risky decisions? We address this question in a preregistered experiment in which participants accept or reject a series of mixed gambles while exogenously varying how information can be sampled. Specifically, in each trial participants observe the outcomes...
Persistent link: https://www.econbiz.de/10013332731
This paper examines the impact of psychological needs on luxury consumption. Veblen's Theory of the Leisure Class (1899) invented the term "conspicuous consumption" to describe luxury goods and services, in which Veblen indicated the purpose of luxury consumption was to display wealth and social...
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time. We suggest that such patterns of consumption can be better explained if one takes into account the future utility … flows generated by memorable consumption goods,such as a honeymoon or a vacation, whose utility flow outlives their physical … consumption. We consider a model in which a consumer enjoys current consumption as well as utility generated by earlier memorable …
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