منابع مشابه
Disappointment Cycles ∗
We propose a model of history dependent disappointment aversion (HDDA), allowing the attitude of a decision-maker (DM) towards disappointment at each stage of a T -stage lottery to evolve as a function of his history of disappointments and elations in prior stages. We establish an equivalence between the existence of an HDDA representation and two documented cognitive biases. First, the DM over...
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We study preferences for which choosing high expectations about the future make us happy now but make us unhappy later if they are not realized. These preferences generalize the recursive utility of Kreps-Porteus and Epstein-Zin. Like recursive utility agents, our agents care about the time resolution of uncertainty, but our agents are not purely forward-looking. For example, two agents with th...
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The concept of petroleum reservoir geophysics is relatively new. In the past, the role of geophysics was largely confined to exploration and, to a lesser degree, the development of discoveries. As cost-efficiency has taken over as a driving force in the economics of the oil and gas industry and as major assets near abandonment, geophysics has increasingly been recognized as a tool for improving...
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We develop an axiomatic model of decision making under risk based on the concept of disappointment aversion. Disappointment is measured using the expected utility of the lottery as a reference point. From an axiomatics, which is supported by many studies on psychology and emotions research, we derive a general class of model that is lottery dependent and which can be viewed as the theoretical g...
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When Apple unveiled its Retina screen on the iPhone 4, the world gasped. “There has never been a more detailed, clear, or viewable screen,” read a review on the tech Web site Engadget. “Staring at that screen is addictive,” said Wired magazine. What they were reacting to was the su per high resolution. The iPhone 4 packed in 326 pixels per inch (ppi)— pixels so tiny that you can’t discern them ...
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ژورنال
عنوان ژورنال: Science
سال: 2002
ISSN: 0036-8075,1095-9203
DOI: 10.1126/science.298.5593.497f