Simon Grant, Monti, Martin Osherson, Daniel

The classical theory of preference among monetary bets represents people as expected utility maximizers with nondecreasing concave utility functions. Critics of this account often rely on assumptions about preferences over wide ranges of total wealth. We derive a prediction of the theory that bears on bets at any fixed level of wealth, and test the prediction behaviorally. Our results are discrepant with the classical account. Competing theories are also examined in light of our data.

Communication Outreach Report Evaluation Conclave

‘Making Evaluation Matter’ was held in New Delhi, India from October 25-28, 2010.Evaluation is viewed as a means to enhance development. Deliberations during the four-day Conclave highlighted key issues relevant to the future of evaluation, particularly in the South Asian context. The role evaluation can play in enhancing accountability was highlighted in a number of sessions and with this in focus, there was a strong demand to increase the use of evaluation both at the government and user level. It was also felt that people should be central to the evaluation process – their participation should go beyond rhetoric, and they should be recognized as rights/claim holders rather than beneficiaries

F F Concave or NCC F T or F Convex or NCC

Non-Base positive medi-feature �� Negative medi-feature �� Non-Base positive functional feature �� Negative functional feature �