Beta-Delta or Delta-Tau? A Reformulation of Quasi-Hyperbolic Discounting

This paper introduces the index τ=lnβ/lnδ as a measure of time inconsistency and vulnerability to self-control problems in the quasi-hyperbolic, beta-delta (β,δ) discounting model. We provide …

When Risk Perception Gets in the Way : Probability Weighting and Underprevention

Personal decisions about health hazards are the main cause of impaired health and premature death. People smoke and eat too much, and they exercise too little. The lack of preventive efforts is sur…

Measuring Beliefs Under Ambiguity

This paper presents a simple method to measure the beliefs of a decision-maker with nonneutral ambiguity attitudes. Our method requires three simple choices, is incentive compatible, and allows for…

Searching for the Reference Point

The Effect of Learning on Ambiguity Attitudes

Applications of utility theory in the economic evaluation of health care

Measuring Discounting without Measuring Utility

Additive utility in prospect theory

Resolving inconsistencies in utility measurement under risk : Test of general…

A Quantitative measurement of regret theory