Lecture 16 Utility from Beliefs; Learning II
[SQUEAKING] [RUSTLING] [CLICKING] FRANK SCHILLBACH: All right. I'm going to get started. Welcome to lecture 16 of 14.13. We talked a lot about utility from beliefs and how, in particular, anticipatory utility, utility about thinking about the future and what might happen in the future, may affect people's utility. And then how that in turn might affect how people, A, choose when to consume or when to engage in certain activities. Because anticipatory utility provides some motivation to push things forward, at least a little bit, so people can look forward to positive events. Second, we talked about information acquisition about the idea that people, if they had derived utility from beliefs, that might affect how much information they might want to acquire. In particular, we talked about the idea that when you think about potentially negative information that you might receive-- in particular, we talked about Huntington's disease where people had a negative hea...