prompted to abandon her prior. However, potential posteriors may induce her to take actions that generate a lower utility in … posteriors lead to larger utility than the prior. In choosing her belief, the agent optimally trades off these psychological … are information seeking otherwise. Because belief updating depends on the decision problem in which new information is …

more general dichotomous problems. Our results with loss aversion utility show that a slightly optimistic (or pessimistic …

incorporating (the level of) absolute wealth in the individual's utility function. …

This paper considers a model of reference-dependent utility in which the individual makes a conscious choice of her … reference point for future consumption. The model incorporates the combination of loss aversion and anticipatory utility as … competing forces in the determination of the optimal reference point: anticipating better outcomes boosts current utility but …

aversion than individual initial proposals in team decision-making. However, teams are no more selfish than individuals who … decide in isolation. Individuals express strategically more inequality aversion in their initial proposals in team decision …

between risk attitude and the decision to become and stay an entrepreneur. Yet empirical evidence on this relationship is …