Results 21 to 30 of about 45,680 (136)
Rats exhibit similar biases in foraging and intertemporal choice tasks
eLife, 2019 Animals, including humans, consistently exhibit myopia in two different contexts: foraging, in which they harvest locally beyond what is predicted by optimal foraging theory, and intertemporal choice, in which they exhibit a preference for immediate vs ...
Gary A Kane +5 more
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Optimal Incentives Schemes under Homo Moralis Preferences
Games, 2021 This study focuses on the optimal incentive schemes in a multi-agent moral hazard model, where each agent has other-regarding preferences and an individual measure of output, with both being observable by the principal.
Roberto Sarkisian
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Fiscal Policy with Intertemporally Non-Separable Preferences [PDF]
SSRN Electronic Journal, 2010 In this paper, we show that Ricardian equivalence does not hold in a representative agent framework if one considers goods whose current consumption affect future marginal utilities. We find that, when the intertemporal elasticity of substitution changes over time, the timing of lump sum taxation has an asymmetric effect on current and future ...
Luca Bossi, Pedro Gomis Porqueras
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Frontiers in Applied Mathematics and Statistics, 2018 The study of intertemporal decision-making is an interdisciplinary scientific topic of economics, psychology, and neuroscience. Most of these studies focus on individual intertemporal decisions, but little is known about the relationship between groups ...
Manami Tsuruta, Keigo Inukai
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Aversion to ambiguity and model misspecification in dynamic stochastic environments [PDF]
, 2018 Preferences that accommodate aversion to subjective uncertainty and its potential misspecification in dynamic settings are a valuable tool of analysis in many disciplines.
Hansen, Lars Peter, Miao, Jianjun
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Folia Oeconomica Stetinensia, 2020 Research background: An investment appraisal applies a single discount rate across all effects. However, this may be insufficient for heterogenous environmental impacts, mixing private and public goods as well as use and non-use values, where individuals
Foltyn-Zarychta Monika
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Time and Present-Biased Preferences in Intertemporal Behavior of Iranian Young People: Case Study of Students of Ferdowsi University of Mashhad [PDF]
پژوهشهای اقتصادی, 2018 Time preference and intertemporal behavior are of basic importance in theoretical and applied studies of decision-making and economic analysis. Present-bias induces individuals to postpone their savings and makes the saving level less than its optimal ...
parvin tashakori saleh +2 more
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External Sector Rebalancing and Endogenous Trade Imbalance Models
Contemporary Economics, 2012 I discuss the need for trade models to incorporate endogenous trade imbalances both to more adequately capture the reality of a global economy with large imbalances and pressures from the financial crisis for countries to reduce imbalances.
John Whalley
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Intertemporal portfolio allocation and hedging demand: an application to South Africa
Journal of Business Economics and Management, 2014 This paper analyses the intertemporal hedging demand for stocks and bonds in South Africa, the United Kingdom and the United States. The analysis is done using an approximate solution method for the optimal consumption and wealth portfolio problem of an ...
Esti Van Wyk De Vries +2 more
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Intertemporal Substitution and Hyperbolic Discounting [PDF]
, 2006 Evidence from behavioural experiments suggests that intertemporal preferences reflect a hyperbolic discount function. This paper shows that in contrast to exponential discounting, the elasticity of intertemporal substitution for hyperbolic consumers ...
Geraats, Petra M.
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