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

页码：135 / 151

页数：17

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