Psychological Expected Utility Theory and Anticipatory Feelings

By Andrew Caplin, John Leahy. 2001

495 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance, General Decision Sciences

View Paper: https://www.semanticscholar.org/paper/d4a8422dd41a7fdb596cce03e7b110f0a96c845b

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. George Loewenstein
2. B. Kőszegi
3. Matthew Rabin
4. Ted O’Donoghue
5. Roland Bénabou
6. Larry G. Epstein
7. Jean Tirole
8. Martin Schneider

In Finance

1. B. Kőszegi
2. George Loewenstein
3. Larry G. Epstein
4. Roland Bénabou
5. Matthew Rabin
6. Martin Schneider
7. Jean Tirole
8. Ted O’Donoghue

In General Decision Sciences

1. George Loewenstein
2. B. Kőszegi
3. Matthew Rabin
4. Ted O’Donoghue
5. Roland Bénabou
6. Larry G. Epstein
7. Jean Tirole
8. Martin Schneider

Citations in the corpus

• AMBITION AND JEALOUSY. INCOME INTERACTIONS IN THE "OLD" EUROPE VERSUS THE "NEW" EUROPE AND (2005, unknown): “It explores the idea that the difference between my own income and that of a reference group can be interpreted in two different ways, and accordingly, have two opposite welfare effects: relative deprivation versus welfare enhancing “anticipatory feelings” (Caplin and Leahy, 2001).”
• Fear and the Response to Terrorism: An Economic Analysis (2011, background): “Caplin and Leahy (2001, 2004) enriched the standard model of expected utility to include the individual’s posterior beliefs in the description of a consequence.”
• Ambiguity, Information Quality and Asset Pricing (2008, background): “Caplin and Leahy [13] have studied a model of utility over belief states to formalize anxiety as an anticipatory emotion.”
• Emotions, Rejections, and Cooling off in the Ultimatum Game (2001, background): “Caplin and Leahy (2001) show that anticipatory emotions may result in time inconsistency.”
• Living with Risk (2008, background): “Caplin and Leahy [2] emphasize that dynamic inconsistency arises naturally in the presence of anticipation.”
• Suspense and Surprise (2015, background): “Caplin and Leahy (2001) apply this framework to a setting where individuals have preferences over anticipatory emotions.”
• Time Discounting and Time Preference: A Critical Review (2002, background): “In a recent paper, Caplin and Leahy (2001) point out that many anticipatory emotions, such as anxiety or 24 Waiting for undesirable outcomes is almost always unpleasant, but waiting for desirable outcomes is sometimes pleasurable and sometimes frustrating.”