Robson, Arthur John; Samuelson, Larry - In: Theoretical economics : TE ; an open access journal in … 6 (2011) 3, pp. 311-339
Psychologists report that people make choices on the basis of "decision utilities'' that routinely overestimate the "experienced utility'' consequences of these choices. This paper argues that this dichotomy between decision and experienced utilities may be the solution to an evolutionary design...