Modern applications have become increasingly complex in both function and construction. Commerce websites use inferred user preferences to show relevant merchandise, banking websites implement complex transaction protocols, social networks need to safeguard sensitive user information, and mobile applications incorporate authentication, sharing, and payment mechanisms. Third-party services have ...

Without contracting or repetition, purely self-regarding agents will not trade. To what extent can social preferences, such as altruism or a concern for fairness, generate efficient bilateral exchange? I analyze a simple exchange game: A purely self-regarding first mover transfers some amount of a commodity to a second mover. Then the second mover, who has social preferences defined over materi...

Decisions about life annuities are an important part of consumer decumulation of retirement assets, yet they are relatively underexplored by marketing researchers studying consumer financial decision making. In this article, the authors propose and estimate a model of individual preferences for life annuity attributes using a choice-based statedpreference survey. Annuities are presented in term...

In an earlier valuation study two of the authors encountered questions from about 20% of the focus group members on the lines: "When I answer your questions should I wear my private (consumer) hat or my public (citizen) hat?". Even though the presence of "public" or altruistic preferences and of multiple preference orderings has achieved attention in the literature over several decades, little ...

The use of mobile communication devices and RFID technology is a popular scenario for future shopping experience, and it offers numerous use cases related e.g. to information delivery, item search, and payment. In this paper we focus on charting the user preferences and potential usability risks with the technology by presenting a user study employing in-depth interviews and role-playing techni...

The Institute of Medicine's 2014 report Dying in America: Improving quality and honoring individual preferences near the end of life provides recommendations for creating transformational change in the models of end-of-life care delivery, clinician-patient communication, and advance care planning; improving professional education, reforming policies, and payment systems; and engaging and educat...

We consider a market where buyers can access unbiased samples of private data by appropriately compensating the individuals to whom the data corresponds (the sellers) according to their privacy attitudes. We show how bundling the buyers’ demand can decrease the price that buyers have to pay per data point, while ensuring that sellers are willing to participate. Our approach leverages the inhere...

A common mechanism to elicit risk preferences requires a respondent to make a series of dichotomous choices. A recurring problem with this mechanism is a frequently observed tendency to switch from the less to the more risky choice multiple times, multiple switching behavior. We introduce an instructional variation our evidence suggests practically eliminates such behavior. We read a script emp...

We explore optimal cost-sharing provisions for insurance contracts when individuals have observable, severe diseases with a discrete number of medically appropriate treatment options. Variation in preferences for alternative treatments is unobserved by the insurer and non-contractible. Interest in such situations is increasingly common, exemplified by disease carve-out programs and shared decis...

Can the well-known experimental phenomenon of present-bias in intertemporal choice be confounded with the risks associated with receiving payment? Can measurements of risk preferences be used to represent desires for smoothness in intertemporal payments? In our two 2012 papers in this journal we explored these two questions and found the answer to the first to be yes and the second to be no. We...