People underappreciate how their own behavior and exogenous factors affect their future utility, and thus exaggerate the degree to which their future preferences resemble their current preferences. We present evidence which demonstrates the prevalence of such projection bias, and develop a...

The economic conception of human behavior assumes that a person has a single set of well-defined goals, and that the person's behavior is chosen to best achieve those goals. We develop a model in which a person's behavior is the outcome of an interaction between two systems: a deliberative...

Frontmatter -- CONTENTS -- LIST OF CONTRIBUTORS -- PREFACE -- ACKNOWLEDGMENTS -- PART I: Introduction -- CHAPTER ONE. Behavioral Economics: Past, Present, Future / Camerer, Colin F. / Loewenstein, George -- PART II: Basic Topics -- REFERENCE-DEPENDENCE AND LOSS-AVERSION -- CHAPTER TWO....