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eliminate the possibility to make a normative argument supporting a multidimensional notion of utility. -- utility ; pleasures …The concept of "utility" is often used in ambiguous ways in economics, from having substantive psychological … can we compare different pleasures? This paper assesses the evidence from psychology and neurosciences on how to best …
Persistent link: https://www.econbiz.de/10003905687
-purpose measure of value: utility, which is often instrumented by consumption. Collective action is therefore only sustainable where … an extrinsic motive for pro-social behaviour. I formalise the mechanism by proposing a simple utility function in which …
Persistent link: https://www.econbiz.de/10012617569
We assess whether a cardinal model can be used to relate neural observables to stochastic choice behaviour. We develop a general empirical framework for relating any neural observable to choice prediction, and propose a means of bench-marking their predictive power. In a previous study,...
Persistent link: https://www.econbiz.de/10014165905
We explore how risk-taking in the card game contract bridge, and in a financial gamble, correlate with variation in the dopamine receptor D4 gene (DRD4) among serious tournament bridge players. In bridge risk-taking, we find significant interactions between genetic predisposition and skill....
Persistent link: https://www.econbiz.de/10014193647
understanding of their relative importance. We propose a multi-attribute random utility model that unifies prior theoretical …
Persistent link: https://www.econbiz.de/10012510861
framework, for which social welfare is based on individual utility only. Beyond this, we distinguish the value-neutrality claim …
Persistent link: https://www.econbiz.de/10013225781
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