For decisions whose consequences accrue over time, there are several possible techniques to compute total utility. One is to discount utilities of future consequences at some appropriate rate. The second is to discount per-period certainty equivalents. And the third is to compute net present...

This paper explores how some widely studied classes of nonexpected utility models could be used in dynamic choice situations. A new 'sequential consistency' condition is introduced for single-stage and multi-stage decision problems. Sequential consistency requires that if a decision maker has...

Two core meanings of 'utility' are distinguished. 'Decision utility' is the weight of an outcome in a decision. 'Experienced utility' is a hedonic quality, as in J. Bentham's usage. Experienced utility can be reported in real time (instant utility) or in retrospective evaluations of past...

In this paper we present experimental research examining the ability of individuals to make good retrospective evaluations of payment sequences. Inspired by the evidence on systematic biases in the retrospective evaluation of affective episodes involving pain and pleasure we designed choice...

There has been much recent literature about sex differences in competition, mostly noting that women are innately less competitive than men (Croson and Gneezy, 2009). This article examines the hypothesis that sex differences in propensity to compete are domain specific. We conducted a 2 (sex)×4...

According to the proposed National Mission on Biodiesel in India, we have undertaken studies on the oxidative stability of biodiesel synthesized from tree borne non-edible oil seeds jatropha. Neat jatropha biodiesel exhibited oxidation stability of 3.95 h and research was conducted to...

Biodiesel is relatively unstable on storage and European biodiesel standard EN-14214 calls for determining oxidation stability at 110 °C with a minimum induction time of 6 h by the Rancimat method (EN-14112). According to proposed National Mission on biodiesel in India, we have undertaken...

Biodiesels jatropha and pongamia synthesized from their respective non-edible seed oils, and PBD (palm biodiesel) synthesized from edible oil were blended with different weight ratios to examine the influence on the OS (oxidation stability). Dependence of the OS on esters of fatty acid...