Kahneman, Daniel; Wakker, Peter P; Sarin, Rakesh - In: The Quarterly Journal of Economics 112 (1997) 2, pp. 375-405
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...