Determinants of Experienced Utility: Laws and Implications

被引：10
|
作者：
Baucells, Manel [1 ,2 ,3 ]
Sarin, Rakesh K. [4 ]
机构：
[1] RAND Corp, Santa Monica, CA 90401 USA
[2] Univ Pompeu Fabra, Dept Econ & Business, Barcelona 08005, Spain
[3] Univ Pompeu Fabra, BGSE, Barcelona 08005, Spain
[4] Univ Calif Los Angeles, UCLA Anderson Sch Management, Decis Operat & Technol Management Area, Los Angeles, CA 90095 USA
来源：
DECISION ANALYSIS | 2013年 / 10卷 / 02期
关键词：
experienced utility; time and budget allocation; habit formation; satiation; variety seeking; craving; projection bias; HABIT FORMATION; PROSPECT-THEORY; SATIATION; CHOICE; ANOMALIES; HAPPINESS; PLEASURE; FUTURE; MODEL;
D O I：
10.1287/deca.2013.0270
中图分类号：
C93 [管理学];
学科分类号：
12 ; 1201 ; 1202 ; 120202 ;
摘要：
Satisfaction in experiencing the future depends on decisions made today. We consider six well-known psychological laws governing satisfaction. The laws capture habit formation 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 versus 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-projection bias-may lead to incorrect predictions of experienced utility and suboptimal life-balance choices.
引用
收藏
页码：135 / 151
页数：17
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