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

Emotions were central to the development of economics, especially in utility theory in classical economics. While … neoclassical utility theory basically abolished emotions, behavioural economics more recently reintroduced emotions in utility … theory. Beyond utility theory, economic theorists use emotions to explain behaviour which otherwise could not be understood …

Models of labor supply derived from stochastic utility representations and discretized sets of feasible hours of work … richer set of simulations of alternative policies. -- labor supply ; random utility models ; tax reform …

, agents can either decide rationally according to expected utility theory or intuitively according to case-based decision …We study the influence of reason and intuition on decision making over time. Facing a sequence of similar problems …

We formulate a simple quantum decision model of the Ellsberg paradox. We report the results of an experiment we … source dependent model requires the specification of probability weighting functions in order to fit the evidence. On the … other hand, our quantum model makes no recourse to probability weighting functions. This suggests that much of what is …

prefer a risky act to an ambiguous act that always provides a larger probability of winning. Our experimental design shows …

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

intuitive decision while others allow for extensive reflection time. To be able to pursue a deceptive strategy, however, a … dimension for dishonest decision-making and for the cognition process of the chance to deceive. We conduct a laboratory … opportunity and the conscious decision to misreport, reveals that more reflection time increases awareness of the misreporting …