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General Evaluability Theory
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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Metadata
- Authors
- Hsee, C. K., & Zhang, J.
- Affiliations
- University of Chicago (US)
- University of Miami (US)
- 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
- 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
- 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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