Emotions and Policy

Psychological Expected Utility Theory and Anticipatory Feelings” (with John Leahy, QJE 1997) models anticipatory emotions (e.g fear) as prizes. The model can be used to analyze avoidance of medical information:

AIDS Policy and Psychology,” w. Kfir Eliaz, RAND 2003.

Fear as a Policy Instrument” 

The Supply of Information by a Concerned Expert” w. Leahy, EJ, 2004.

Non-behavioral data is needed to understand information avoidance. John and I established also the need for data enrichment in dynamic policy settings:

The Social Discount Rate” w. Leahy, JPE 2004.

The limitations of standard behavioral data launched my path to data engineering.