Results 221 to 230 of about 7,285 (279)

The perirhinal cortex supports spatial intertemporal choice stability. [PDF]

Neurobiol Learn Mem, 2019
Kreher MA, Johnson SA, Mizell JM, Chetram DK, Guenther DT, Lovett SD, Setlow B, Bizon JL, Burke SN, Maurer AP.   +9 more
europepmc   +1 more source

Another Look at the (Ir)Relevance of Long‐Run Risks for Equity Risk Premia

Journal of Money, Credit and Banking, EarlyView.
Abstract I investigate the empirical asset pricing implications of a three‐factor macro model that extends the baseline consumption model Consumption Capital Asset Pricing Model (CCAPM) by adding the innovations in expected long‐run consumption growth (consumption growth news) and expected long‐run consumption variance (variance news) as risk factors ...
PAULO MAIO
wiley   +1 more source

EU ETS Market Expectations and Rational Bubbles

Journal of Money, Credit and Banking, EarlyView.
Abstract The European Union Emissions Trading System (EU ETS) experienced sharp allowance price increases from 2018 onward, prompting claims that rational bubbles were driving the surge. We reassess this hypothesis using expectations based on futures prices.
CHRISTOPH WEGENER, ROBINSON KRUSE‐BECHER, TONY KLEIN   +2 more
wiley   +1 more source

Rats exhibit similar biases in foraging and intertemporal choice tasks. [PDF]

Elife, 2019
Kane GA, Bornstein AM, Shenhav A, Wilson RC, Daw ND, Cohen JD.   +5 more
europepmc   +1 more source

Consumption in Asset Returns

The Journal of Finance, EarlyView.
ABSTRACT Using information in returns, we identify the stochastic process of consumption. We find that aggregate consumption reacts over multiple quarters to innovations spanned by financial markets. This persistent component accounts for over a quarter of consumption variation. These shocks command a large and significant risk premium, driving a large
SVETLANA BRYZGALOVA, JIANTAO HUANG, CHRISTIAN JULLIARD   +2 more
wiley   +1 more source

Cash Heterogeneity and the Payout Channel of Monetary Policy

The Journal of Finance, EarlyView.
ABSTRACT This paper provides novel empirical evidence that cash‐rich firms have higher equity payouts and higher stock prices in response to expansionary monetary policy surprises. Stock prices rise despite weak cash‐flow, investment, and credit responses to monetary policy.
ALTAN PAZARBAŞI
wiley   +1 more source

Amount and time exert independent influences on intertemporal choice. [PDF]

Nat Hum Behav, 2019
Amasino DR, Sullivan NJ, Kranton RE, Huettel SA.   +3 more
europepmc   +1 more source

Property Rights Theory, Justice, and Reciprocity

Journal of Management Studies, EarlyView.
Abstract What really happens when situations arise that were not anticipated in contracts? The phenomenon of quiet quitting is an example of behaviour that is legally within the bounds of the contract governing a relationship while also generating variance in performance.
Douglas A. Bosse, Robert A. Phillips
wiley   +1 more source

A New Analysis on Self-Control in Intertemporal Choice and Mediterranean Dietary Pattern. [PDF]

Front Public Health, 2019
Howatt BC, Muñoz Torrecillas MJ, Cruz Rambaud S, Takahashi T.   +3 more
europepmc   +1 more source

Optimal demand for treatment and health insurance under multivariate preferences

Journal of Risk and Insurance, EarlyView.
Abstract Health insurance mitigates health risks by covering the cost of treatment, but it also reduces the financial risk associated with those costs. In a multivariate preference framework, this study analyzes the effects of changes in wealth, health status, insurance premiums, treatment costs, and the severity of health loss on the demand for ...
Jimin Hong
wiley   +1 more source