Construct · 1 fields · 1 citations

belief-based utility: a standalone construct

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Behavioral economics

the value people get directly from holding certain beliefs, which shapes what information they seek out or avoid.

In behavioral economics, belief-based utility refers to the value people get directly from holding certain beliefs, which shapes what information they seek out or avoid. This meaning comes from Loewenstein (2018) in Nature Human Behaviour.[1]

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Nearby constructs

holding2 fields · 2 citationsjingle · one word, two constructs information4 fields · 5 citationsjingle · one word, four constructs utility3 fields · 3 citationsjingle · one word, three constructs

References

Loewenstein, G., & Molnar, A. (2018). The renaissance of belief-based utility in economics. Nature Human Behaviour, 2(3), 166-167. https://doi.org/10.1038/s41562-018-0301-z

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