The quasi-linear quadratic utility model is widely used in economics. The knowledge of its exact origin is less …

We investigate the possibility that a decision-maker prefers to avoid making a decision and instead delegates it to an …, which contradicts most theories of choice such as expected utility but is consistent with a theory of responsibility …

prompted to abandon her prior. However, potential posteriors may induce her to take actions that generate a lower utility in … posteriors lead to larger utility than the prior. In choosing her belief, the agent optimally trades off these psychological … are information seeking otherwise. Because belief updating depends on the decision problem in which new information is …

, because the economics literature on group decision making has, so far, assumed homogeneity within groups. In a lab experiment …

.g. gender, race, sugar) have a stronger effect when the attribute is mixed with others, and so the decision becomes less …

preferences. Among the behavioral patterns that allow for a clear-cut interpretation on the decision level, we find that roughly … almost half of our subjects. Among those, roughly 24%are rational expected utility maximizers, 24% make occasional mistakes …

In the simple Allingham-Sandmo portfolio model of tax evasion an expected utility maximizer will cheat more than what … payers act according to some non-expected utility theory, and (2) Individual ethical norms and social stigma induce people … subjective probabilities of being penalised according to the rank dependent utility theory, and (2) Tax payers' beliefs about …

extended rank-discounted utilitarianism for any utility function, as the discount factor approaches zero. -- intergenerational …