Preference reversal concerns a systematic divergence between prices of lotteries and subjects' expressed preferences for playing the respective lotteries. This article surveys the discovery of preference reversal by psychologists, its re-examination and corroboration both by psychologists and...

The main purpose of the Handbook of Utility Theory is to make more widely available some recent developments in the area. The editors selected a list of topics that seemed ripe enough to be covered by review articles. Then they invited contributions from researchers whose expert work had come to...

I Schumpeter in our Time -- Schumpeter and the Economic Problems of Today -- II Entrepreneurship -- Schumpeter’s Entrepreneur in Modem Economic Theory -- Is Entrepreneurship Obsolescent? -- Must Monopoly Power Accompany Innovation? -- III Cycles and Crises -- What to do About Business Cycles?...

This book contains 15 selected and revised papers presented at a conference in Neresheim, West Germany, in June 1986. Prof. H.W. Sinn writes in his introduction to the book: "The common topic is measurement of welfare, both from efficiency and from equity perspectives. For many economists,...