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Mispredicting Utility

Bruno S. Frey

in Happiness: A Revolution in Economics

Published in print:
2008
Published Online:
August 2013
ISBN:
9780262062770
eISBN:
9780262273213
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262062770.003.0011
Subject:
Economics and Finance, Econometrics

This chapter explores whether, to what extent, and where a person commits systematic errors in his/her consumption decisions. The issue of misprediction is impossible to analyze in standard theory ... More


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