Intertemporal Preferences for Uncertain Consumption: A Continuous Time Approach [PDF]
Econometrica, 1992 Summary: We propose a family of topologies on the space of consumption patterns in continuous time under uncertainty. Preferences continuous in any of the proposed topologies treat consumptions at nearby dates as almost perfect substitutes except possibly at information surprises.
Hindy, Ayman, Huang, Chi-fu
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Hyperbolic Discounting and Its Influence on Loss Tolerance: Evidence from Japanese Investors
RisksHyperbolic discounting, a key determinant of intertemporal behavior, captures individuals’ preferences for smaller immediate rewards over larger delayed ones.
Yu Kuramoto +3 more
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Evolutionary Psychology, 2013 Informed by the research on adaptive decision making in other animal species, this study investigated human females' intertemporal and risky choices across the ovulatory cycle.
Farnaz Kaighobadi, Jeffrey R. Stevens
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Frontiers in Neuroscience, 2012 The aim of this paper is to assess the relevance of methodological transfers from behavioral ecology to experimental economics with respect to the elicitation of intertemporal preferences.
Sacha eBourgeois-Gironde
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Assessment of intertemporal preferences in type-2 diabetes patients and smokers
International Journal of Psychological Research, 2017 The experiment assesses the role of cortisol concentration on bloodstream as correlate of the intertemporal choice and temporal discrimination in Type-2 Diabetes Mellitus (T2DM) patients and smokers. The participants were evaluated in a two independent
Ramsés Vázquez Lira, Álvaro Torres
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Risk aversion, intertemporal substitution, and the aggregate investment-uncertainty relationship [PDF]
, 2007 We analyze the role of risk aversion and intertemporal substitution in a simple dynamic general equilibrium model of investment and savings. Our main finding is that risk aversion cannot by itself explain a negative relationship between aggregate ...
Abel +46 more
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Precautionary Saving and Consumption Smoothing Across Time and Possibilities [PDF]
This paper examines how aversion to risk and aversion to intertemporal substitution determine the strength of the precautionary saving motive in a two-period model with Selden/Kreps-Porteus preferences.
Miles Kimball, Philippe Weil
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The Optimal Path of Investment, Consumption and Gross National Production: An Application of Generalized Ramsey Model in Economy of Iran [PDF]
پژوهشهای اقتصادی, 2013 Ramsey model is one of the most important basic models to study intertemporal resource allocation. This model is derived from microeconomic optimal principle so it has a key role in macroeconomics with micro foundations.
Mostafa Karimzadeh +3 more
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Intertemporal Consumption with Directly Measured Welfare Functions and Subjective Expectations [PDF]
Euler equation estimation of intertemporal consumption models requires many, often unverifiable assumptions. These include assumptions on expectations and preferences.
Kapteyn, A. +2 more
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Unexploited Connections Between Intra- and Inter-temporal Allocation [PDF]
This paper shows that a power utility specification of preferences over total expenditure (ie. CRRA preferences) implies that intratemporal demands are in the PIGL/PIGLOG class.
Hamish W. Low, Thomas F. Crossley
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