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Humans are masters of lying and self-deception. We want others to believe us good, fair, responsible and logical, and we place just as much importance on thinking of ourselves this way. Therefore, whe...
We report on a field study demonstrating systematic differences between the preferences people anticipate they will have over a series of options in the future and their subsequent revealed preference...
Numerous studies have shown that feedback on energy consumption can work to effectively reduce household energy consumption. However, relatively little work has been done on the best ways to present i...
We analyze the extent to which individuals' choices over five employer-provided insurance coverage decisions and one 401(k) investment decision exhibit systematic patterns, as would be implied by a ge...
This paper studies stability of the exponential utility maximization when there are small variations on agent's utility. Two settings are studied. First, in a general semimartingale model where random...
In this paper, we study the impact of central bank opacity on macroeconomic performances in a new Keynesian framework with model uncertainty using robust control techniques. We identify a new source o...
This paper derives an equilibrium formula for pricing European options and other contingent claims which allows incorporating impacts of several important economic variable on security prices includin...
The paper investigates configuration-making at the individual rather than the organizational level. Based on decision theory’s distinction between ‘rational’ and ‘social’ decision processes, ‘scope’ ...
K¨oszegi and Rabin (2005) propose a theory of reference dependent utility in which the ultimate choice also serves as the reference point. They analyze dynamic choice problems with uncertainty and i...
This paper explores the possibility of improving efficiency in a society by providing meeting places for a fragmented society. In experimental and behavioral game theory, it is known that under certai...
This paper applies conjoint analysis to consumer preferences of Japan’s broadband services such as ADSL, CATV Internet, and FTTH. The stated preference method has advantages in analyzing innovative an...
Consider an agent taking two successive decisions to maximize his expected utility under uncertainty. After his first decision, a signal is revealed that provides information about the state of nature...
We provide an axiomatic foundation for the representation of num´eraire-invariant pref- erences of economic agents acting in a financial market. In a static environment, the simple axioms turn ...

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