Projection Bias in Predicting Future Utility

DOI10.1162/003355303322552784zbMATH Open1062.91018OpenAlexW2020594063WikidataQ29026969 ScholiaQ29026969MaRDI QIDQ4453713FDOQ4453713

Matthew Rabin, Ted O'Donoghue, George Loewenstein

Publication date: 7 March 2004

Published in: The Quarterly Journal of Economics (Search for Journal in Brave)

Full work available at URL: https://escholarship.org/uc/item/5qh6142m

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zbMATH Keywords

durable goodshabit formation

Mathematics Subject Classification ID

Decision theory (91B06) Consumer behavior, demand theory (91B42)

Cited In (30)

• `Fair' welfare comparisons with heterogeneous tastes: subjective versus revealed preferences
• The curse of hope
• Indecisiveness, preference for flexibility, and a unique subjective state space
• Knowing me, imagining you: projection and overbidding in auctions
• Optimal tax rules and addictive consumption
• The ostrich effect: Selective attention to information
• Arbitrage opportunities in frictionless markets with sophisticated investors
• The behavioral economics of dynamically inconsistent behavior: a critical assessment
• A model of ambition, aspiration and happiness
• Potential value of air: Effect of air pollution on retail store performance and customer behavior
• Are bygones bygones?
• Planning on an empty stomach: on agents with projection bias
• Understanding outcome bias
• Model-based evaluation of cooling-off policies
• Determinants of Experienced Utility: Laws and Implications
• On the completeness of complete markets
• Commitment and self-control
• States of nature and states of mind: a generalized theory of decision-making
• Renegotiation and dynamic inconsistency: contracting with non-exponential discounting
• Modeling internal commitment mechanisms and self-control: a neuroeconomics approach to consumption --- saving decisions
• Present-biased optimization
• Projection bias in effort choices
• Weighted temporal utility
• A triple test for behavioral economics models and public health policy
• Segregation and integration: a study of the behaviors of investors with extended value functions
• Habit formation, self-deception, and self-control
• Preference based subjective beliefs
• Asset pricing with dynamically inconsistent agents
• Failing to Foresee the Updating of the Reference Point Leads to Time-Inconsistent Investment
• Positively correlated choice

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