Psychological Expected Utility Theory and Anticipatory Feelings
扩展了预期效用理论，考虑决策者在不确定性结果揭晓前产生的预期性感受，并说明这种感受如何导致时间不一致行为，最后用投资组合理论例子展示其对资产价格的影响。
We extend expected utility theory to situations in which agents experience feelings of anticipation prior to the resolution of uncertainty. We show how these anticipatory feelings may result in time inconsistency. We provide an example from portfolio theory to illustrate the potential impact of anticipation on asset prices.