durable goods. We show that consumers' utility and discount functions in a dynamic discrete choice model are jointly … identified using data generated by this specific design. In contrast, based on revealed preference data, the utility and discount …

being. They are Hicksian equivalents in that the price changes yield the same utility changes as would the quantity or …

because of inconsistencies in revealed preferences across behavioral frames. We adapt theories of expected utility …

simple cases, tests confirm that subjects adjust their attention in response to incentives as the theory dictates …

introduces health-dependent utility into a model in which preferences for bequests, expenditures when in need of long-term care …

' choices. Because social recognition generates utility from esteem to some but disutility from shame to others, it can be … either positive-sum, zero-sum, or negative-sum. This depends on whether the social recognition utility function is convex … find that the social recognition utility function is significantly concave and thus generates deadweight loss. If our …

Revealed preference theory offers a criterion for decision-making quality: if decisions are high quality then there … exists a utility function that the choices maximize. We conduct a large-scale field experiment that enables us to test … subjects' choices for consistency with utility maximization and to combine the experimental data with a wide range of …