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Psychologists study regret primarily by measuring subjects' attitudes in laboratory experiments. This does not shed light on how expected regret affects economic actions in market settings. To address this, we use proprietary data from a blackjack table in Las Vegas to analyze how expected...
Persistent link: https://www.econbiz.de/10013152738
Psychologists study regret primarily by measuring subjects' attitudes in laboratory experiments. This does not shed light on how expected regret affects economic actions in market settings. To address this, we use proprietary data from a blackjack table in Las Vegas to analyze how expected...
Persistent link: https://www.econbiz.de/10012463694
The sciences tell us that fears are physical feelings and mental emotions that play a key role in any society. Not many issues related to fear are explored by economists today. The aim of this paper is to go backwards through the history of economic thought, and examine if and how Adam Smith...
Persistent link: https://www.econbiz.de/10011774172
Condemnation or glorification of luxury is a classic and recurrent question in the history of political ideas. Today, it continues to generate a set of conflicting emotions. In order to understand this debate, we chose to immerse ourselves in the history of economic thought, and, more...
Persistent link: https://www.econbiz.de/10011020705
greatest happiness principle. The principle of utility, forms the cornerstone of all his thought. Mill's famous formulation of … reason. Mill's major contribution to utilitarianism is his argument for the qualitative separation of pleasures. …
Persistent link: https://www.econbiz.de/10010632021
Behaviourism is the view that preferences, beliefs, and other mental states in social-scienti�c theories are auxiliary constructs re-describing people's behav- ioural dispositions. Mentalism is the view that they capture real phenomena, no less existent than the unobservable entities and...
Persistent link: https://www.econbiz.de/10011258839
This paper asks whether neuroeconomics will make instrumental use of neuroscience to adjudicate existing disputes in economics or be more seriously informed by neuroscience in ways that might transform economics. The paper pursues the question by asking how neuroscience constructs an...
Persistent link: https://www.econbiz.de/10008671501
In economic theory, utility depends on past, present and future outcomes. The experiment described in this paper … suggests that utility also depends on people's attitudes, and that it can easily be manipulated through these attitudes. The … results imply, first, that purely outcome-based models of individual utility may be incomplete. Second, that reference …
Persistent link: https://www.econbiz.de/10010263885
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