The standard revealed-preference approach to welfare economics encounters fundamental difficulties when the act of … choosing directly affects welfare through emotions such as guilt, pride, and anxiety. We address this problem by developing an … approach that redefines consumption bundles in terms of the sensations they produce, and measures welfare by blending choice …

We report the results of an online experiment studying preferences for giving and preferences for group …

We propose a broad generalization of standard choice-theoretic welfare economics that encompasses a wide variety of non … therefore suitable for welfare analysis; it is also the most discerning welfare criterion that never overrules choice. The … resulting framework generates natural counterparts for the standard tools of applied welfare economics, and is easily applied in …

welfare functions, with intrapersonal frames replacing interpersonal types. Under paternalistic risk aversion or ambiguity … aversion, a policy is less desirable to the planner, holding all else fixed, when it leads to more disagreement about welfare …

is unlikely when there is some uncertainty about the future. In a field experiment with 1292 members of a fitness …

exists a utility function that the choices maximize. We conduct a large-scale field experiment that enables us to test …