Results 91 to 100 of about 45,680 (136)

Preferences for One-Shot Resolution of Uncertainty and Allais-Type Behavior, Second Version [PDF]

Experimental evidence suggests that individuals are more risk averse when they perceive risk that is gradually resolved over time. We address these findings by studying a decision maker (DM) who has recursive, non-expected utility preferences over ...
David Dillenberger
core  

Managing Risk Across Time: An Intertemporal Spectral Risk Measures Framework for Multi-Period Portfolio Optimization

Mathematics
This paper introduces a novel framework for multi-period portfolio optimization that incorporates intertemporal spectral risk measures (ISRMs). The model dynamically manages risk by considering both tail risk, through spectral risk measures, and overall ...
Chengneng Jin, Jianjun Gao
doaj   +1 more source

The Equity Premium Puzzle and the Riskfree Rate Puzzle [PDF]

This paper studies the implications for general equilibrium asset pricing of a recently introduced class of Kreps-Porteus non-expected utility preferences, which is characterized by a constant intertemporal elasticity of substitution and a constant, but ...
Philippe Weil
core  

Decomposing decision mechanisms in female substance use disorder: drift diffusion modeling of context-dependent biases in gain and loss processing

BMC Psychiatry
Background Decision-making impairments are central to substance use disorder (SUD), particularly in evaluating immediate versus delayed outcomes. However, conventional behavioral analyses provide limited insight into underlying cognitive mechanisms. This
Hao Zhang, Gavin Kader, Huoyin Zhang, Haijian Zhao, Wanke Pan, Peng Lei   +5 more
doaj   +1 more source

Calibrated Stochastic Dynamic Models for Resource Management [PDF]

In this paper we develop a positive calibrated approach to stochastic dynamic programming. Risk aversion, discount rate, and intertemporal substitution preferences of the decision-maker are calibrated by a procedure that minimizes the mean squared error ...
Howitt, Richard E., Knapp, Keith C., Msangi, Siwa, Reynaud, Arnaud   +3 more
core   +1 more source

The investment horizon problem: A resolution [PDF]

In the canonical model of investments, the optimal fractions in the risky assets do not depend on the time horizon. This is against empirical evidence, and against the typical recommendations of portfolio managers.
Aase, Knut K.
core  

The effects of background music and sound in economic decision making: Evidence from a laboratory experiment [PDF]

This paper experimentally studies the effects of background music and sound on the preference of the decision makers for rewards in pairwise intertemporal choice tasks and lottery choice tasks.
Fujikawa, Takemi, Kobayashi, Yohei
core   +1 more source

Condorcet Cycles? A Model of Intertemporal Voting [PDF]

An intertemporal voting model is examined where, at each date, there is a pairwise majority vote between the existing chosen state and some other state, chosen randomly.
Kevin Roberts
core  

Intertemporal substitution and nonhomothetic preferences

Intertemporal substitution and nonhomothetic preferences
Access: via ...
openaire  

Intertemporal Equivalence Scales: Measuring the Life-Cycle Costs of Children [PDF]

This paper provides a preliminary investigation into the lifetime cost of children upon a household's lifetime wealth. By comparing the lifetime cost function of a household with children compared to the lifetime cost function of a household without ...
Paul Blacklow
core