Can I read Anticipatory Emotions in Utility Theory on EtoBox?

Anticipatory Emotions in Utility Theory by S W is a document available to read on EtoBox.

What is Anticipatory Emotions in Utility Theory about?

The paper extends expected utility theory by incorporating anticipatory feelings, such as anxiety and hope, which can lead to time inconsistency in decision-making. It presents a psychological expected utility model that includes these emotions and explores their impact on asset pricing, particularly in portfolio decisions. The authors argue that understanding anticipatory emotions can help explain phenomena like the equity premium and risk-free rate puzzles.

Author

S W

Language

EN