Determinants of Experienced Utility: Laws and Implications
نویسندگان
چکیده
Satisfaction in experiencing the future depends on decisions made today. We consider six well-known psychological laws governing satisfaction. The laws capture habit formation, social comparison, and satiation. We show it is possible to formalize these laws by means of a utility model, and to derive implications from the laws: wanting vs. liking, crescendo, recharge periods, variety seeking, and craving. The discussion combines mathematical propositions, experimental findings in psychology, and time-honored wisdom. We discuss how the sixth law, presentism, may lead to incorrect predictions of experienced utility and suboptimal life-balance choices.
منابع مشابه
Investigating Legal Loopholes in the Field of Official Documents in Iran and its Ethical Implications
Background: In the Law on registration of deeds and real estate, the definition of official document and the scope of inclusion of official documents are different from civil law, and these definitions create different interpretations and effects in society and how to deal with legal issues and problems. Resolving legal deficiencies in answering accidental questions that occur in the community,...
متن کاملAttitudes of Iranians toward the Becker Proposition
This paper evaluates attitudes of Iranians toward crossing red traffic lights and their sensitivity to fines. Economic theory of crime under expected utility predicts that because of the possibility of severe punishments, risk adverse individuals would not cross red lights. This is implied by the Becker proposition. However, among 262 individuals surveyed, more than half of the sample has previ...
متن کاملمقایسهی حقوق بیماران در تحقیقات پزشکی در جهان
Immoral actions in medical research in past has increased that sensitivity to this subject. A review on international laws shows that sometimes these researches has violated ethics and has examined people without to tell them about the experiments. The Nuremberg law was made for to trial Nazi's Medicines in 1947 that had been experienced people without they know about the tests. According to th...
متن کاملExploring the implications of the laws and principles of quantum physics in the field of talent (quantum theory of talent)
The issue of talent-discovering is one of the most important issues in the field of education and research that has always been a concern for educational systems. Studying the issues of identifying and guiding talented students can illuminate a large part of the activities of the executors and practitioners in order to accomplish their mission effectively. On the other hand, quantum physics has...
متن کاملTransformation in Smallholder Agriculture through Intensification in Ethiopia: Determinants and Implications
It is a challenge for a farmer with limited resources to decide on the production of commodities and investment in the farm. Transformation of smallholder subsistence agriculture, to market oriented value addition based agriculture is vital for poverty reduction in Ethiopia. This study was initiated to explore the factors which contribute for the adoption of improved wheat and pepper varieties ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
- Decision Analysis
دوره 10 شماره
صفحات -
تاریخ انتشار 2013