, as well as those of experimental economists, with neoclassical economic theory. The dissertation is divided into two …

investment behavior which is consistent with theory. However, an income tax with a limited or unlimited loss offset provision …

division of knowledge, which we here extend to the consumer side of the economy. We distinguish between high-level preferences … and low-level preferences as nested systems of rules used to solve particular choice problems. We argue that agents, while … sovereign in high-level preferences, may often find it expedient to acquire, in a pseudo-market, the low-level preferences in …

theoretical comparisons are conducted. In the first, economic theory, behavioral theory (the Behavioral Theory of the Firm and … Prospect Theory), and Bounded Rationality are tested as potential determinants of acquisition uncertainties. In the second …, economic theory and Prospect Theory are tested as potential determinants of the value of the machine acquired.To answer these …

observed by the agent and lotteries for which they are not. I develop an axiomatic model that admits preferences for observing … with anticipated regret, the Allais paradox and preferences for smaller menus, which are all difficult to reconcile with … seem to exhibit preferences for fairness often switch to the selfish choice if they can avoid observing the recipients …