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Attributs	Valeurs
type	work Article
Is Part Of	http://hub.abes.fr/oup/periodical/qje/2001/volume_116/issue_1/w
Subject	Articles
Title	Psychological Expected Utility Theory and Anticipatory Feelings
has manifestation of work	http://hub.abes.fr/oup/periodical/qje/2001/volume_116/issue_1/101162003355301556347/m/web http://hub.abes.fr/oup/periodical/qje/2001/volume_116/issue_1/101162003355301556347/m/print
related by	http://hub.abes.fr/oup/periodical/qje/2001/volume_116/issue_1/101162003355301556347/authorship/1 http://hub.abes.fr/oup/periodical/qje/2001/volume_116/issue_1/101162003355301556347/authorship/2
Author	Caplin Andrew Leahy John
Abstract	We extend expected utility theory to situations in which agents experience feelings of anticipation prior to the resolution of uncertainty. We show how these anticipatory feelings may result in time inconsistency. We provide an example from portfolio theory to illustrate the potential impact of anticipation on asset prices.
article type	research-article
is part of this journal	The Quarterly Journal of Economics

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