Virtually all current theories of choice under risk or uncertainty are cognitive and
consequentialist. They assume that people assess the desirability and likelihood of possible …

Contingent valuation (CV) has been criticised for being too hypothetical, with expressed
values bearing little relation to actual values. The magnitude of this divergence, however …

I Сегодня о риске говорят специалисты самых разных дисциплин. К традиционной
статистической трактовке калькуляций риска добавились экономические исследования …

New technologies, scientific discoveries, information about linkages between diet and
health, and the mass communication of this knowledge to consumers leads to increased …

Behavioral game theory aims to predict how people actually behave by incorporating
psychological elements and learning into game theory. With this goal in mind, experimental …

Federal intervention in food labeling is often proposed with the aim of achieving a social
goal such as improving human health and safety, mitigating environmental hazards, averting …

Ideally, it would be desirable if we could all adopt a high-minded commitment to a risk-free
existence. Unfortunately, such an objective is beyond our reach--politicians who advocate …

The use of contingent valuation (CV) methods for estimating the economic value of
environmental improvements and damages has increased significantly. However, doubts …

Regulatory transparency—mandatory disclosure of information by private or public
institutions with a regulatory intent—has become an important frontier of government …

This article develops a variant of the expected utility model termed prospective reference
theory. Although the standard model occurs as a limiting case, the general approach is that …