Risk Aversion and Intertemporal Substitution in the Capital Asset Pricing Model [PDF]
When tastes are represented by a class of generalized preferences which -- unlike traditional Von-Neumann preferences -- do not confuse behavior towards risk with attitudes towards intertemporal substitution, the true beta of an asset is, in general, an ...
Alberto Giovannini, Philippe Weil
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Does Source of Income Affect Risk and Intertemporal Choices? [PDF]
, 2015 Publisher ...
Hvide, Hans Krogh, Lee, Jae Ho
core +1 more source
Preference reversals between intertemporal choice and pricing
, 2021 Preference reversals in risky choice -- where people favor low-risk prospects in binary choice but assign higher prices to high-risk prospects -- have led to models of response processes that differentiate pricing from choice. Theories of intertemporal choice do not distinguish between response processes, assuming instead that eliciting choices or ...
Peter D. Kvam +4 more
openaire +3 more sources
Individuals' Rates of Time Preference for Life-Saving Programs in Developing Countries: Results from a Multi-Country Study [PDF]
Individuals' time preferences for mortality reductions are measured in six Less Developed Countries in Africa, Eastern Europe, and Asia using the contingent valuation method.
Christine Poulos, Dale Whittington
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Chronic Deep Brain Stimulation of the Human Nucleus Accumbens Region Disrupts the Stability of Intertemporal Preferences. [PDF]
J Neurosci, 2023 Wagner BJ +10 more
europepmc +1 more source
Is the elasticity of intertemporal substitution constant? [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 Low, Thomas Crossley
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Intertemporal Substitution and the Liquidity Effect in a Sticky Price Model [PDF]
The liquidity effect, defined as a decrease in nominal interest rates in response to a monetary expansion, is a major stylized fact of the business cycle.
J. Andres +2 more
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Gauging preference stability under authoritarianism
Research & PoliticsDo people living under authoritarianism exhibit stable, constrained preferences? Autocrats have incentives to suppress the formation of stable preferences structured by underlying constraints as such preferences can empower challengers and limit policy ...
Jennifer Pan, Yiqing Xu
doaj +1 more source
Agricultural Water ManagementThe world is confronted with increasing droughts exacerbated by the inefficiency of irrigation, and water-saving irrigation (WSI) holds the potential to alleviate this dilemma.
Yang Yang +5 more
doaj +1 more source
Impatience, Anticipatory Feelings and Uncertainty: A Dynamic Experiment on Time Preferences [PDF]
We study time preferences in a real-effort experiment with a one-month horizon. We report that two thirds of choices suggest negative time preferences. Moreover, choice reversal over time is common even if temptation plays no role. We propose and measure
Davide Dragone, Marco Casari
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