close to the behavior of expected utility maximizers. Two types are characterized by high likelihood insensitivity; one of …

present a model which incorporates elements from the theory of information cascades with the standard model of tax evasion and … previous periods. General conditions exist under which any expected utility maximizing tax evaders will decide to emulate other …

excuse-driven behavior is comparable under ambiguity and under risk. Individuals exploit any type of uncertainty as an excuse …

Bayesian Updating is the dominant theory of learning in economics. The theory is silent about how individuals react to …

Subjective well-being (SWB) data is increasingly used to perform welfare analyses. Interpreted as 'experienced utility …', SWB has recently been compared to 'decision utility' using specific experiments, most often based on stated preferences …

's common restrictions on the curvature of the decision-makers utility function can dramatically bias the altruism parameter. We … show that this is particularly problematic when comparing altruism between groups with well-documented differences in risk … aversion or diminishing marginal utility, i.e., men versus women, giving motivated by pure versus warm glow motives, and …

)) to propose a novel identification strategy of the risk aversion parameters and a specification test. We find that … individual search specification implies gender differentials in lifetime utility inequality 74% larger. The results of our policy … experiments emphasize the importance of looking at lifetime utility inequality measures as opposed to simply cross-sectional wage …

these two sets of results. This kind of validation of experienced utility via direct comparison with decision utility …

, utility must be transferable both within marriage and upon divorce, and the marginal rate of substitution between public and …