메뉴 건너뛰기




Volumn 44, Issue 3, 2010, Pages 415-444

Utility from anticipation and personal equilibrium

Author keywords

Anticipation; Disappointment aversion; Personal equilibrium; Time inconsistency

Indexed keywords


EID: 77954537909     PISSN: 09382259     EISSN: 14320479     Source Type: Journal    
DOI: 10.1007/s00199-009-0465-x     Document Type: Article
Times cited : (88)

References (48)
  • 1
    • 78049260738 scopus 로고
    • The economic consequences of cognitive dissonance
    • Akerlof G., Dickens W. T.: The economic consequences of cognitive dissonance. Am Econ Rev 72(3), 307-319 (1982).
    • (1982) Am Econ Rev , vol.72 , Issue.3 , pp. 307-319
    • Akerlof, G.1    Dickens, W.T.2
  • 3
    • 77954534348 scopus 로고    scopus 로고
    • Bénabou, R.: Groupthink: collective delusions in organizations and markets. Working Paper, Princeton University (2008).
  • 4
    • 0036704138 scopus 로고    scopus 로고
    • Self-confidence and personal motivation
    • Bénabou R., Tirole J.: Self-confidence and personal motivation. Q J Econ 117(3), 871-915 (2002).
    • (2002) Q J Econ , vol.117 , Issue.3 , pp. 871-915
    • Bénabou, R.1    Tirole, J.2
  • 5
    • 0343054971 scopus 로고    scopus 로고
    • Systems of benevolent utility functions
    • Bergstrom T. C.: Systems of benevolent utility functions. J Public Econ Theory 1(1), 71-100 (1999).
    • (1999) J Public Econ Theory , vol.1 , Issue.1 , pp. 71-100
    • Bergstrom, T.C.1
  • 6
    • 29544442663 scopus 로고    scopus 로고
    • Optimal expectations
    • Brunnermeier M., Parker J.: Optimal expectations. Am Econ Rev 95(4), 1092-1118 (2005).
    • (2005) Am Econ Rev , vol.95 , Issue.4 , pp. 1092-1118
    • Brunnermeier, M.1    Parker, J.2
  • 7
    • 0038978081 scopus 로고    scopus 로고
    • Psychological expected utility and anticipatory feelings
    • Caplin A., Leahy J.: Psychological expected utility and anticipatory feelings. Q J Econ 116(1), 55-80 (2001).
    • (2001) Q J Econ , vol.116 , Issue.1 , pp. 55-80
    • Caplin, A.1    Leahy, J.2
  • 8
    • 77954536324 scopus 로고    scopus 로고
    • Carrillo, J.: Self-control, moderate consumption, and craving. CEPR Discussion Paper # 2017 (1998).
  • 9
    • 0001291685 scopus 로고    scopus 로고
    • Strategic ignorance as a self-disciplining device
    • Carrillo J., Mariotti T.: Strategic ignorance as a self-disciplining device. Rev Econ Stud 67, 529-544 (2000).
    • (2000) Rev Econ Stud , vol.67 , pp. 529-544
    • Carrillo, J.1    Mariotti, T.2
  • 10
    • 0001607228 scopus 로고
    • The structure of preferences and attitudes towards the timing of the resolution of uncertainty
    • Chew S. H., Epstein L. G.: The structure of preferences and attitudes towards the timing of the resolution of uncertainty. Int Econ Rev 30(1), 103-117 (1989).
    • (1989) Int Econ Rev , vol.30 , Issue.1 , pp. 103-117
    • Chew, S.H.1    Epstein, L.G.2
  • 11
    • 11144260866 scopus 로고    scopus 로고
    • For better or for worse: Default effects and 401(k) savings behavior
    • D. Wise (Ed.), Chicago: University of Chicago Press
    • Choi J. J., Laibson D., Madrian B. C., Metrick A.: For better or for worse: default effects and 401(k) savings behavior. In: Wise, D. (eds) Perspectives in the Economics of Aging., pp. 81-121. University of Chicago Press, Chicago (2004).
    • (2004) Perspectives in the Economics of Aging , pp. 81-121
    • Choi, J.J.1    Laibson, D.2    Madrian, B.C.3    Metrick, A.4
  • 12
    • 77954539032 scopus 로고    scopus 로고
    • Daido, K., Itoh, H.: The pygmalion effect: an agency model with reference-dependent preferences. CESifo Working Paper Series No. 1444 (2005).
  • 13
    • 77954533821 scopus 로고    scopus 로고
    • Dillenberger, D.: Preferences for one-shot resolution of uncertainty and allais-type behavior. Working Paper, University of Pennsylvania (2008).
  • 14
    • 33747198465 scopus 로고    scopus 로고
    • Can anticipatory feelings explain anomalous attitudes to information?
    • Eliaz K., Spiegler R.: Can anticipatory feelings explain anomalous attitudes to information?. Games Econ Behav 56, 87-104 (2006).
    • (2006) Games Econ Behav , vol.56 , pp. 87-104
    • Eliaz, K.1    Spiegler, R.2
  • 15
    • 0000842941 scopus 로고
    • Substitution, risk aversion, and the temporal behavior of consumption and asset returns: A theoretical framework
    • Epstein L. G., Zin S. E.: Substitution, risk aversion, and the temporal behavior of consumption and asset returns: a theoretical framework. Econometrica 57(4), 937-969 (1989).
    • (1989) Econometrica , vol.57 , Issue.4 , pp. 937-969
    • Epstein, L.G.1    Zin, S.E.2
  • 16
    • 0002813641 scopus 로고
    • Psychological games and sequential rationality
    • Geanakoplos J., Pearce D., Stacchetti E.: Psychological games and sequential rationality. Games Econ Behav 1(1), 60-79 (1989).
    • (1989) Games Econ Behav , vol.1 , Issue.1 , pp. 60-79
    • Geanakoplos, J.1    Pearce, D.2    Stacchetti, E.3
  • 17
    • 0035583183 scopus 로고    scopus 로고
    • Learning to be overconfident
    • Gervais S., Odean T.: Learning to be overconfident. Rev Financial Stud 14(1), 1-27 (2001).
    • (2001) Rev Financial Stud , vol.14 , Issue.1 , pp. 1-27
    • Gervais, S.1    Odean, T.2
  • 18
    • 0009666159 scopus 로고    scopus 로고
    • Intrinsic preference for information
    • Grant S., Kajii A., Polak B.: Intrinsic preference for information. J Econ Theory 83, 233-259 (1998).
    • (1998) J Econ Theory , vol.83 , pp. 233-259
    • Grant, S.1    Kajii, A.2    Polak, B.3
  • 19
    • 0041729407 scopus 로고    scopus 로고
    • Preference for information and dynamic consistency
    • Grant S., Kajii A., Polak B.: Preference for information and dynamic consistency. Theory Decis 48, 263-286 (2000).
    • (2000) Theory Decis , vol.48 , pp. 263-286
    • Grant, S.1    Kajii, A.2    Polak, B.3
  • 20
    • 77954533548 scopus 로고    scopus 로고
    • Heidhues, P., Ko{double acute}szegi, B.: The impact of consumer loss aversion on pricing. CEPR Discussion Paper 4849 (2005).
  • 21
    • 53349097371 scopus 로고    scopus 로고
    • Competition and price variation when consumers are loss averse
    • Heidhues P., Ko{double acute}szegi B.: Competition and price variation when consumers are loss averse. Am Econ Rev 98(4), 1245-1268 (2008).
    • (2008) Am Econ Rev , vol.98 , Issue.4 , pp. 1245-1268
    • Heidhues, P.1    Koszegi, B.2
  • 22
    • 38249025761 scopus 로고
    • Utility functionals with nonpaternalistic intergenerational altruism
    • Hori H., Kanaya S.: Utility functionals with nonpaternalistic intergenerational altruism. J Econ Theory 49(2), 241-265 (1989).
    • (1989) J Econ Theory , vol.49 , Issue.2 , pp. 241-265
    • Hori, H.1    Kanaya, S.2
  • 23
    • 77954540155 scopus 로고    scopus 로고
    • Iyengar, S. S., Jiang, W.: Choosing not to choose: the effect of more choices in retirement savings decisions. Working Paper (2004).
  • 24
    • 0034571771 scopus 로고    scopus 로고
    • When choice is demotivating: Can one desire too much of a good thing?
    • Iyengar S. S., Lepper M. R.: When choice is demotivating: can one desire too much of a good thing?. J Personal Soc Psychol 79(6), 995-1006 (2000).
    • (2000) J Personal Soc Psychol , vol.79 , Issue.6 , pp. 995-1006
    • Iyengar, S.S.1    Lepper, M.R.2
  • 25
    • 0000125532 scopus 로고
    • Prospect theory: An analysis of decision under risk
    • Kahneman D., Tversky A.: Prospect theory: an analysis of decision under risk. Econometrica 47(2), 263-291 (1979).
    • (1979) Econometrica , vol.47 , Issue.2 , pp. 263-291
    • Kahneman, D.1    Tversky, A.2
  • 26
    • 84936526580 scopus 로고
    • Experimental tests of the endowment effect and the coase theorem
    • Kahneman D., Knetsch J. L., Thaler R. H.: Experimental tests of the endowment effect and the coase theorem. J Political Econ 98(6), 1325-1348 (1990).
    • (1990) J Political Econ , vol.98 , Issue.6 , pp. 1325-1348
    • Kahneman, D.1    Knetsch, J.L.2    Thaler, R.H.3
  • 28
    • 33644869631 scopus 로고    scopus 로고
    • Emotional agency
    • Ko{double acute}szegi B.: Emotional agency. Q J Econ 121(1), 121-155 (2006).
    • (2006) Q J Econ , vol.121 , Issue.1 , pp. 121-155
    • Koszegi, B.1
  • 29
    • 33646349613 scopus 로고    scopus 로고
    • A model of reference-dependent preferences
    • Ko{double acute}szegi B., Rabin M.: A model of reference-dependent preferences. Q J Econ 121(4), 1133-1166 (2006).
    • (2006) Q J Econ , vol.121 , Issue.4 , pp. 1133-1166
    • Koszegi, B.1    Rabin, M.2
  • 30
    • 35348884340 scopus 로고    scopus 로고
    • Reference-dependent risk attitudes
    • Ko{double acute}szegi B., Rabin M.: Reference-dependent risk attitudes. Am Econ Rev 97(4), 1047-1073 (2007).
    • (2007) Am Econ Rev , vol.97 , Issue.4 , pp. 1047-1073
    • Koszegi, B.1    Rabin, M.2
  • 31
    • 73649125884 scopus 로고    scopus 로고
    • Ko{double acute}szegi, B., Rabin, M.: Reference-dependent consumption plans. Am Econ Rev (2009, in press).
  • 32
    • 0001072531 scopus 로고
    • Temporal resolution of uncertainty and dynamic choice theory
    • Kreps D. M., Porteus E. L.: Temporal resolution of uncertainty and dynamic choice theory. Econometrica 46(1), 185-200 (1978).
    • (1978) Econometrica , vol.46 , Issue.1 , pp. 185-200
    • Kreps, D.M.1    Porteus, E.L.2
  • 33
    • 0038969032 scopus 로고    scopus 로고
    • Golden eggs and hyperbolic discounting
    • Laibson D.: Golden eggs and hyperbolic discounting. Q J Econ 112(2), 443-477 (1997).
    • (1997) Q J Econ , vol.112 , Issue.2 , pp. 443-477
    • Laibson, D.1
  • 34
    • 77954540696 scopus 로고    scopus 로고
    • Landier, A.: Wishful thinking and beliefs dynamics. Working Paper, New York University (1999).
  • 35
    • 84935677951 scopus 로고
    • Anticipation and the valuation of delayed consumption
    • Loewenstein G.: Anticipation and the valuation of delayed consumption. Econ J 97, 666-684 (1987).
    • (1987) Econ J , vol.97 , pp. 666-684
    • Loewenstein, G.1
  • 36
    • 0000923828 scopus 로고
    • Regret theory: An alternative theory of rational choice under uncertainty
    • Loomes G., Sugden R.: Regret theory: an alternative theory of rational choice under uncertainty. Econ J 92(368), 805-824 (1982).
    • (1982) Econ J , vol.92 , Issue.368 , pp. 805-824
    • Loomes, G.1    Sugden, R.2
  • 37
    • 0032332364 scopus 로고    scopus 로고
    • Choosing to avoid: Coping with negatively emotion-laden consumer decisions
    • Luce M. F.: Choosing to avoid: coping with negatively emotion-laden consumer decisions. J Consumer Res 24(4), 409-433 (1998).
    • (1998) J Consumer Res , vol.24 , Issue.4 , pp. 409-433
    • Luce, M.F.1
  • 38
    • 0039888638 scopus 로고    scopus 로고
    • The power of suggestion: Inertia in 401(k) participation and savings behavior
    • Madrian B. C., Shea D. F.: The power of suggestion: inertia in 401(k) participation and savings behavior. Q J Econ 116(4), 1149-1187 (2001).
    • (2001) Q J Econ , vol.116 , Issue.4 , pp. 1149-1187
    • Madrian, B.C.1    Shea, D.F.2
  • 39
    • 0033470824 scopus 로고    scopus 로고
    • Banking (conservatively) with optimists
    • Manove M., Padilla A. J.: Banking (conservatively) with optimists. Rand J Econ 30(2), 324-350 (1999).
    • (1999) Rand J Econ , vol.30 , Issue.2 , pp. 324-350
    • Manove, M.1    Padilla, A.J.2
  • 40
    • 77954537793 scopus 로고    scopus 로고
    • Masatlioglu, Y., Nakajima, D.: Choice by constraint elimination. Working Paper, University of Michigan (2007).
  • 41
    • 0023282967 scopus 로고
    • Monitoring and blunting: Validation of a questionnaire to assess styles of information seeking under threat
    • Miller S. M.: Monitoring and blunting: validation of a questionnaire to assess styles of information seeking under threat. J Personal Soc Psychol 52(2), 345-353 (1987).
    • (1987) J Personal Soc Psychol , vol.52 , Issue.2 , pp. 345-353
    • Miller, S.M.1
  • 42
    • 85047682486 scopus 로고
    • Evidence of stress as a function of experimentally altered appraisal of stimulus aversiveness and coping adequacy
    • Neufeld R. W.: Evidence of stress as a function of experimentally altered appraisal of stimulus aversiveness and coping adequacy. J Personal Soc Psychol 33(5), 632-646 (1976).
    • (1976) J Personal Soc Psychol , vol.33 , Issue.5 , pp. 632-646
    • Neufeld, R.W.1
  • 43
    • 84963075943 scopus 로고
    • On second-best national saving and game-equilibrium growth
    • Phelps E. S., Pollak R. A.: On second-best national saving and game-equilibrium growth. Rev Econ Stud 35, 185-199 (1968).
    • (1968) Rev Econ Stud , vol.35 , pp. 185-199
    • Phelps, E.S.1    Pollak, R.A.2
  • 44
    • 0007262468 scopus 로고    scopus 로고
    • First impressions matter: A model of confirmatory bias
    • Rabin M., Schrag J.: First impressions matter: a model of confirmatory bias. Q J Econ 114(1), 37-82 (1999).
    • (1999) Q J Econ , vol.114 , Issue.1 , pp. 37-82
    • Rabin, M.1    Schrag, J.2
  • 45
    • 0032220562 scopus 로고    scopus 로고
    • Recursive utility and preferences for information
    • Skiadas C.: Recursive utility and preferences for information. Econ Theory 12, 293-312 (1998).
    • (1998) Econ Theory , vol.12 , pp. 293-312
    • Skiadas, C.1
  • 46
    • 77954542955 scopus 로고    scopus 로고
    • Stone, R.: Loss aversion and self-control. Working Paper (2005).
  • 47
    • 84963071606 scopus 로고
    • Myopia and inconsistency in dynamic utility maximization
    • Strotz R. H.: Myopia and inconsistency in dynamic utility maximization. Rev Econ Stud 23, 165-180 (1956).
    • (1956) Rev Econ Stud , vol.23 , pp. 165-180
    • Strotz, R.H.1
  • 48
    • 85011633765 scopus 로고    scopus 로고
    • Emotional distress regulation takes precedence over impulse control: If you feel bad, do it!
    • Tice D. M., Bratslavsky E., Baumeister R. F.: Emotional distress regulation takes precedence over impulse control: if you feel bad, do it!. J Personal Soc Psychol 80(1), 53-67 (2001).
    • (2001) J Personal Soc Psychol , vol.80 , Issue.1 , pp. 53-67
    • Tice, D.M.1    Bratslavsky, E.2    Baumeister, R.F.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.