incorporating (the level of) absolute wealth in the individual's utility function. …

In a simple conceptual framework, we organize a multitude of phenomena related to the (mis)prediction of utility …

's common restrictions on the curvature of the decision-makers utility function can dramatically bias the altruism parameter. We … aversion or diminishing marginal utility, i.e., men versus women, giving motivated by pure versus warm glow motives, and …

ignoring the household as unit of decision-making has relevant empirical consequences. In estimation, the individual search … individual search specification implies gender differentials in lifetime utility inequality 74% larger. The results of our policy … experiments emphasize the importance of looking at lifetime utility inequality measures as opposed to simply cross-sectional wage …

. -- discrete choice ; random utility ; logit model ; consideration sets ; bounded rationality ; revealed preferences …

attain some minimal level of utility. Our argument suggests that when misreporting of income by welfare claimants is … desirable. -- workfare ; welfare ; means-testing ; misreporting ; utility maintenance …

, utility must be transferable both within marriage and upon divorce, and the marginal rate of substitution between public and …

preferences, with a focus on the measurement or control for potentially non-linear utility. While the objective of a time … preference experiment is usually to estimate parameters of a discount function, assumptions concerning the nature of utility may … assume an equivalence between utility under risk and over time, and whether they result in an estimate of the curvature of …

-based utility in the context of video-game engagement. Using data on 2.8 million matches from League of Legends, we find evidence … surprise, and flow theory from psychology. We then leverage our estimated model and an evolutionary algorithm to find the …