Some Testable Implications of a Preference for Subjective Novelty
用信息理论将主观新奇性概念操作化，区分信息效用与物理效用，并用消费者情绪指标进行了实证检验。
SUMMARY A model of the response to subjective novelty represented by the Wundt curve was first informally introduced to economists by Scitovsky [1976]. The present paper operationalizes the subjective novelty concept using information theory. A distinction is drawn between informational utility and physical utility in the standard model. A successful empirical test is performed using a measure of consumer sentiment.