Add to ORKGThis paper aims at showing the relevance of procedural utility for economics: people do not only care about outcomes, as usually assumed in economics, they also value the processes and conditions leading to outcomes. The psychological foundations of procedural utility are outlined and it is discussed how the concept differs from other related approaches in economics, like outcome utility, outcome fairness or intentions. Institutions at the level of society and fair procedures are shown to be sources of procedural utility, and novel empirical evidence on the role of procedural utility in important areas of the economy, polity and society is presented.procedural utility, outcome utility, institutions, procedural fairness, outcome fairness, in...
The current research shows that a cooperative equilibrium in prisoners' dilemma can be explained by ...
Most research in economics models agents somehow motivated by outcomes. Here, we model agents motiva...
A vast literature in social and organizational psychology suggests that support for authorities is ...
This paper aims at showing the relevance of procedural utility for economics: people do not only car...
People not only care about outcomes, they also value the procedures which lead to the outcomes. Proc...
People not only obtain utility from actual outcomes but also from the conditions which lead to these...
People not only obtain utility from actual outcomes but also from the conditions which lead to these...
Abstract Most research in economics studies agents somehow motivated by outcomes. Here, we study age...
The concept of Utility usually refers to the satisfaction a person acquires by consuming, in general...
Abstract: We propose that outcome utility and process utility can be distinguished and empirically m...
Economic explanations tend to view individuals as acting to satisfy their preferences, so that when ...
People are likely to obtain utility not only from actual outcomes, but also from the conditions whic...
While economists have neglected procedures for a long time, other social scientists early establishe...
This note briefly examines the path that the economics discipline has taken since adopting the assum...
The theory of expected utility is suggested by John Von Neumann and Oscar Morgenstern in 1944 and ha...
The current research shows that a cooperative equilibrium in prisoners' dilemma can be explained by ...
Most research in economics models agents somehow motivated by outcomes. Here, we model agents motiva...
A vast literature in social and organizational psychology suggests that support for authorities is ...
This paper aims at showing the relevance of procedural utility for economics: people do not only car...
People not only care about outcomes, they also value the procedures which lead to the outcomes. Proc...
People not only obtain utility from actual outcomes but also from the conditions which lead to these...
People not only obtain utility from actual outcomes but also from the conditions which lead to these...
Abstract Most research in economics studies agents somehow motivated by outcomes. Here, we study age...
The concept of Utility usually refers to the satisfaction a person acquires by consuming, in general...
Abstract: We propose that outcome utility and process utility can be distinguished and empirically m...
Economic explanations tend to view individuals as acting to satisfy their preferences, so that when ...
People are likely to obtain utility not only from actual outcomes, but also from the conditions whic...
While economists have neglected procedures for a long time, other social scientists early establishe...
This note briefly examines the path that the economics discipline has taken since adopting the assum...
The theory of expected utility is suggested by John Von Neumann and Oscar Morgenstern in 1944 and ha...
The current research shows that a cooperative equilibrium in prisoners' dilemma can be explained by ...
Most research in economics models agents somehow motivated by outcomes. Here, we model agents motiva...
A vast literature in social and organizational psychology suggests that support for authorities is ...