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

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 …

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 …

or indecisiveness between certain alternatives, and/or her willingness to experiment in the sense of occasionally …