do not systematically deviate from reverse Bayesianism, but they do not seem to expect an unknown event when this is …

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

, likelihood insensitivity, and the magnitude of decision errors. These parameters are very heterogeneous in the population. At the … close to the behavior of expected utility maximizers. Two types are characterized by high likelihood insensitivity; one of …

analyze the connection between the decision of a potential tax evader, the number of tax evaders and the number caught in … previous periods. General conditions exist under which any expected utility maximizing tax evaders will decide to emulate other …

This paper examines the effects of alternative assumptions regarding the curvature of utility upon estimated discount … the Holt and Laury method for risk. The results demonstrate that utility elicited directly from choice over time is … significantly concave, but far closer to linear than utility elicited under risk. As a result, the effect of adjusting discount …