Cited by 410Decision-Making and Behavioral EconomicsEconomic and Environmental ValuationExperimental Behavioral Economics Studies

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General Evaluability Theory

Hsee, Christopher K., Zhang, Jiao·2010·Perspectives on Psychological Science

DOI 10.1177/1745691610374586

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Abstract

A central question in psychology and economics is the determination of whether individuals react differently to different values of a cared-about attribute (e.g., different income levels, different gas prices, and different ambient temperatures). Building on and significantly extending our earlier work on preference reversals between joint and separate evaluations, we propose a general evaluability theory (GET) that specifies when people are value sensitive and when people mispredict their own or others' value sensitivity. The GET can explain and unify many seemingly unrelated findings, ranging from duration neglect to affective forecasting errors and can generate many new research directions on topics ranging from temporal discounting to subjective well-being.

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Authors: Hsee, C. K., & Zhang, J.
Affiliations: University of Chicago (US)
University of Miami (US)
ORCID: Hsee, Christopher K.
Zhang, Jiao
Venue: Perspectives on Psychological Science
Publisher: SAGE Publications
Published: 2010-07
Volume: 5
Issue: 4
Pages: 343-355
ISSN: 1745-6916 (ISSN-L)
1745-6924
DOI: 10.1177/1745691610374586
OpenAlex: W1997137767
Cited by: 410
References: 63
Citations by year: 2026: 20 · 2025: 18 · 2024: 25 · 2023: 68 · 2022: 33 · 2021: 31 · 2020: 22 · 2019: 30 · 2018: 28 · 2017: 26 · 2016: 18 · 2015: 23 · 2014: 24 · 2013: 20 · 2012: 14
FWCI: 1.09
Type: journal article
Language: en
Open access: closed
Licence: journals.sagepub.com/page/policies/text-and-data-mining-license (tdm)
Locations: Perspectives on Psychological Science (publishedVersion)
PubMed (publishedVersion)
Funders: John Templeton Foundation
Topics: Social Sciences › Decision Sciences › General Decision Sciences › Decision-Making and Behavioral Economics
Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic and Environmental Valuation
Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Experimental Behavioral Economics Studies
Keywords: value sensitivity, preference reversal, delay discounting, subjective well-being

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