Psychological Expected Utility Theory and Anticipatory Feelings

We extend expected utility theory to situations in which the prizes incloude feelings about living with uncertainty. We provide two examples to show the impact of these anticipatory feelings on decision making.

MoreLess

Year of publication:	1997
Authors:	Caplin, Andrew ; Leahy, John
Institutions:	C.V. Starr Center for Applied Economics, Department of Economics
Subject:	ANTICIPATIONS \| UTILITY FUNCTION

More details

Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	37 pages
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005605678