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Benabou, Roland; Tirole, Jean - 2012

This paper analyzes how private decisions and public policies are shaped by personal and societal preferences (values), material or other explicit incentives (laws) and social sanctions or rewards (norms). It first examines how honor, stigma and social norms arise from individuals' behaviors and...

Persistent link: https://www.econbiz.de/10010282313

Attention and perception in decision-making and interactions

Webb, Edward John Dorrell - 2016

Persistent link: https://www.econbiz.de/10012503178

Altruism and Egoism: Measurable by Utility Discount Rates?

Bayer, Stefan - 2000

Wir analysieren im Rahmen der neoklassischen Theorie die Rolle der Nutzendiskontierungsrate als Egoismus- bzw … intergenerationellen Gleichbehandlungspostulat des Utilitarismus Genüge getan. In der Altruismus-Modellierung ergibt sich das methodische … Problem der mehrfachen Berücksichtigung des selben Effektes. Altruismus ist um so stärker ausgeprägt, je geringer die …

Persistent link: https://www.econbiz.de/10009475365

Social dilemma behaviour

Haagen Nielsen, Ulrik - 2014

Persistent link: https://www.econbiz.de/10012503162

Theoretical aspects of long-term evaluation in environmental economics

Traeger, Christian - 2006

The present work is dedicated to theoretical aspects of long-term evaluation with a focus on time and uncertainty structure. Motivated along the lines of global warming, the analysis renders contributions to the fields of environmental economics, decision theory, the economics of sustainability...

Persistent link: https://www.econbiz.de/10009476176

Subjective expected utility theory without states of the world

Karni, Edi - 2005

This paper develops an axiomatic theory of decision making under uncertainty that dispenses with the state space. The results are subjective expected utility models with unique, action-dependent, subjective probabilities, and a utility function defined over wealth-effect pairs that is unique up...

Persistent link: https://www.econbiz.de/10010293467

Constructive decision theory

Blume, Lawrence E.; Easley, David; Halpern, Joseph Y. - 2009

Contemporary approaches to decision making describe a decision problem by sets of states and outcomes, and a rich set of acts: functions from states to outcomes over which the decision maker (DM) has preferences. Real problems do not come so equipped. It is often unclear what the state and...

Persistent link: https://www.econbiz.de/10010294014

Economic Consequences of Mispredicting Utility

Frey, Bruno S.; Stutzer, Alois - 2008

A framework is proposed for organizing phenomena related to the (mis)prediction of utility, in particular neglecting adaptation. A categorization is introduced that accounts for asymmetries in misprediction. In decision-making, goods and activities satisfying extrinsic desires are more salient...

Persistent link: https://www.econbiz.de/10011390633

What to Do if Dollar is Not a Dollar? The Impact of Inflation Risk on Production and Risk Management

Adam-Müller, Axel F. A. - 2001

Persistent link: https://www.econbiz.de/10010324059

Estimating the Neighborhood Influence on Decision Makers: Theory and an Application on the Analysis of Innovation Decisions

Hautsch, Nikolaus; Klotz, Stefan - 2001

When making decisions, agents tend to make use of decisions others have made in similar situations. Ignoring this behavior in empirical models can be interpreted as a problem of omitted variables and may seriously bias parameter estimates and harm inference. We suggest a possibility of...

Persistent link: https://www.econbiz.de/10010324073