Frey, Bruno S.; Stutzer, Alois - Wirtschaftswissenschaftliches Zentrum <Basel> - 2008
A framework is proposed for organizing phenomena related to the (mis)predictionof utility, in particular neglecting adaptation. A categorization is introduced that accounts forasymmetries in misprediction. In decision-making, goods and activities satisfying extrinsicdesires are more salient than...