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-dimensional decision outcomes, economic theory assumes a uni-dimensional utility measure. This paper reviews evidence from behavioral and … makers' difficulties can be explained once the motivational aspects of utility (wanting) are disentangled from the …Although decision makers are often reported to have difficulties in making comparisons between multi …
Persistent link: https://www.econbiz.de/10010286755
The concept of utility is often used in ambiguous ways in economics, from having substantive psychological connotations … conceive of utility. It turns out that empirical evidence does not favor a view of multidimensional utility. This does not … eliminate the possibility to make a normative argument supporting a multidimensional notion of utility. …
Persistent link: https://www.econbiz.de/10010267093
convenient modeling device but in terms of actual brain systems and decision]making processes. Intertemporal choices are thus … systems involved with Theory of Mind (that is, mentalizing other agents) are similar to those involved with prospection …
Persistent link: https://www.econbiz.de/10010280868
human needs, which is determined by individual resources. The opportunities and freedoms depend on the life circumstances …
Persistent link: https://www.econbiz.de/10012290445
Um Lebenschancen räumlich differenziert zu erfassen, stellt unser Beitrag in Anknüpfung an die Quartierseffekteforschung und den „capability approach“ einen Ansatz vor, der Lebenschancen als räumlich strukturierte Möglichkeiten und Wahlfreiheiten bei der Erfüllung von Bedürfnissen...
Persistent link: https://www.econbiz.de/10012182859
The most fundamental solution concepts in Game Theory Nash equilibrium, backward induction, and iterated elimination of … to represent others' intentions, beliefs, and desires, referred to as Theory of Mind or mentalizing, and the capacity to …
Persistent link: https://www.econbiz.de/10010267443
Which motives drive the decision of a voter to approve or reject a policy proposal? The Public Choice literature …
Persistent link: https://www.econbiz.de/10010294400
The author argues that it is microeconomics that needs foundations, not macroeconomics. Preferences need to be built on …
Persistent link: https://www.econbiz.de/10010298584
I argue that it is microeconomics that needs foundations, not macroeconomics. Preferences need to be built on biology …
Persistent link: https://www.econbiz.de/10010298641
decisions. This review brings together research on behavioral and neural aspects of financial decision making and aging to … advance knowledge on age-related changes in financial decision making. The dopaminergic system plays a key role in financial … decision making, both in financial decisions from description and financial decisions from experience. Importantly, both …
Persistent link: https://www.econbiz.de/10010318792