consumption have direct utility-consequences. This gives rise to informational preferences, i.e., preferences over the timing and …

Are individuals always better off when their preferences can be represented by expected utility?I study this question …-run by expected utility maximisers with the share they would receive if their preferences were described by prospect theory … preferences instead when, in either case, they bargain with expected utility maximisers. I present a necessary and sufficient …

consumption have direct utility-consequences. This gives rise to informational preferences, i.e., preferences over the timing and …