Journal ArticleDOI
The formation of expectations: Competing theories and new evidence
Gigi Foster,Paul Frijters +1 more
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TLDR
This paper examined repeated cross-sections of hundreds of undergraduate students' expectations at mid-semester of their own final course grades at two Australian universities and found that a simple rational expectations model of expectation formation provides a poorer fit to the data than a utility model involving either direct utility benefits from expectations, or a psychological need to hold high expectations.About:
This article is published in Journal of Behavioral and Experimental Finance.The article was published on 2014-12-01. It has received 7 citations till now. The article focuses on the topics: Rational expectations & Behavioral economics.read more
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Journal ArticleDOI
The Relations between Hope and Subjective Well-Being: a Literature Overview and Empirical Analysis
TL;DR: For instance, the authors found that positive expectations are only weakly associated with all domains of subjective well-being, whereas cognitive and emotional hope are most strongly related to subjective wellbeing.
Journal ArticleDOI
The what and why of self-deception
Zoe Chance,Michael I. Norton +1 more
TL;DR: This paper classified three distinct definitions of self-deception, ranging from positive illusions to a more stringent view that self deception requires the presence of simultaneous conflicting beliefs, identifying three adaptive functions: deceiving others, social status, and psychological benefits.
Journal ArticleDOI
Low-carbon development strategy for the West African electricity system: preliminary assessment using System dynamics approach
TL;DR: In this article, the authors evaluated the planning processes in the West African Power Pool electricity system vis-a-vis low-carbon development strategy (LCDS), developed a System dynamics (SD) model, and assessed the relevance of the developed model to examine the nonlinear relationship between generation adequacy and greenhouse gas emission (GHG) reduction.
Journal ArticleDOI
Hope Mediates the Relation between Income and Subjective Well-Being
TL;DR: In this paper, the authors examined whether the positive effect of income gains on subjective well-being can in part be explained by the improved future prospects that are generated by a more solid financial situation.
References
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Book ChapterDOI
Prospect theory: an analysis of decision under risk
Daniel Kahneman,Amos Tversky +1 more
TL;DR: In this paper, the authors present a critique of expected utility theory as a descriptive model of decision making under risk, and develop an alternative model, called prospect theory, in which value is assigned to gains and losses rather than to final assets and in which probabilities are replaced by decision weights.
Journal ArticleDOI
Prospect theory: analysis of decision under risk
Daniel Kahneman,Amos Tversky +1 more
Book
Theory of Games and Economic Behavior
TL;DR: Theory of games and economic behavior as mentioned in this paper is the classic work upon which modern-day game theory is based, and it has been widely used to analyze a host of real-world phenomena from arms races to optimal policy choices of presidential candidates, from vaccination policy to major league baseball salary negotiations.