JEL#: A12, A13, B49, C70, C91, D63<BR> Keywords: difference aversion, fairness, inequality aversion, maximin criterion, non-ultimatum games, reciprocal fairness, social preferences<BR> Departures from pure self interest in economic experiments have recently inspired models of "social preferences". We...

JEL#: A12, B49, C70, D11, D60, D74, D91, E21<BR> Keywords: choice, naivete, partial naivete, present-biased preferences, procrastination, self control, sophistication, time inconsistency<BR> Recent models of procrastination due to self-control problems assume that a procrastinator considers just one...

JEL#: A12, A13, B49, C70, D63<BR> Keywords: Bargaining, Efficiency, Fairness, Inefficiency, Inequality, Ultimatum Game<BR> Experiments with the ultimatum game--where one party can make a take-it-or-leave-it offer to a second party on how to split a pie--illustrate that conventional game theory has been...

This paper explores some of the ways that economists can incorporate insights from recent research combining psychology and economics to help understand risky behavior by adolescents.<BR> June 2000<BR> 1 <A HREF="econ/E00-285_fig.pdf">Figure .pdf</A><BR>

JEL#: A12, B49, D11, D91, E21<BR> Keywords: Addiction, consumption, cooling off, misprediction, projection bias, reference dependence<BR> People underappreciate how their own behavior and exogenous factors affect their future utility, and thus exaggerate the degree to which their future preferences...

Economists have formally modeled moral dispositions by directly incorporating into utility analysis concern for the well-being of others. But sometimes moral dispositions are not preferences, as connoted by utility analysis, but rather are ingrained as (internal) constraints. I present a model...