Inter Temporal Optimal Consumption Saving Allocation Under Uncertainty
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Inter Temporal Optimal Consumption Saving Allocation Under Uncertainty
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Author : Moses Osaruyi Odaro
language : en
Publisher:
Release Date : 1939
Inter Temporal Optimal Consumption Saving Allocation Under Uncertainty written by Moses Osaruyi Odaro and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1939 with categories.
Inter Temporal Optimal Consumption Saving Allocation Under Uncertainty Microform An Economic Application Of Stochastic Optimal Control Theory
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Author : Moses Osaruyi Odaro
language : en
Publisher: Université d'Ottawa = University of Ottawa, [198-?]
Release Date : 1971
Inter Temporal Optimal Consumption Saving Allocation Under Uncertainty Microform An Economic Application Of Stochastic Optimal Control Theory written by Moses Osaruyi Odaro and has been published by Université d'Ottawa = University of Ottawa, [198-?] this book supported file pdf, txt, epub, kindle and other format this book has been release on 1971 with Control theory categories.
Optimal Intertemporal Consumption Under Uncertainty
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Author : Gary Chamberlain
language : fr
Publisher:
Release Date : 1984
Optimal Intertemporal Consumption Under Uncertainty written by Gary Chamberlain and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with categories.
Essays On Time Preference Anomalies Intertemporal Choice Insurance And Status
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Author : Bianjun Xia
language : en
Publisher:
Release Date : 2011
Essays On Time Preference Anomalies Intertemporal Choice Insurance And Status written by Bianjun Xia and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Decision making categories.
The goal of my dissertation is to analyze individuals' behavior when they make choices over time and within a group. The first chapter is devoted to explaining some key time preference anomalies which are inconsistent with the standard discounted utility model. In the second chapter, I focus on how inter-personal comparisons would affect people's intertemporal choices. Finally, the last chapter studies how the concern for status affects the optimal risk sharing across individuals. The first chapter studies some key time preference anomalies. These include the time preference reversal characteristic of hyperbolic discounting, the magnitude effect and the extreme sign effect. I propose a simple explanation of discounting that accounts for these three anomalies simultaneously, within the context of the expected utility model with uncertainty, risk aversion and preference for precautionary saving. The second chapter develops an intertemporal model in which individuals care about consumption not only for its own sake but also for the status it implies. By putting an additive status term into the utility function, I show that the level of inequality in the initial wealth distribution affects individuals' saving and consumption behavior. The direction of the distortion in intertemporal choice relative to the standard model without status depends on the elasticity of intertemporal substitution in the utility from absolute consumption. I also analyze how changes in the initial wealth distribution affect saving. In the third chapter we develop a series of optimal social insurance models in which people care about both consumption per se and the status it implies. We show that the concern for status does impact the optimal contract under various information structures. Particularly, under complete information without commitment problem, the optimal contract may assign all the society resources to the minority group if the status term is convex enough. Under the limited enforcement regime, compared to the optimal allocation in the pure consumption model, it is optimal to transfer more resources to high income people when the status term is convex. Under moral hazard, the relatively lower status resulting from the higher effort level may make implementation of high effort level more difficult.
Optimal Consumption Choice Under Uncertainty With Intertemporal Substitution
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Author : Peter Bank
language : de
Publisher:
Release Date : 2005
Optimal Consumption Choice Under Uncertainty With Intertemporal Substitution written by Peter Bank and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with categories.
Optimal Intertemporal Consumption Under Uncertainty
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Author : Gary Chamberlain
language : en
Publisher:
Release Date : 1984
Optimal Intertemporal Consumption Under Uncertainty written by Gary Chamberlain and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Consumption (Economics) categories.
Intertemporal Consumption Allocation Under Uncertainty And Rational Expectations
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Author : Edgar Weissenberger
language : en
Publisher:
Release Date : 1984
Intertemporal Consumption Allocation Under Uncertainty And Rational Expectations written by Edgar Weissenberger and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with categories.
Handbook Of Computable General Equilibrium Modeling
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Author : Peter B. Dixon
language : en
Publisher: Newnes
Release Date : 2013-11-14
Handbook Of Computable General Equilibrium Modeling written by Peter B. Dixon and has been published by Newnes this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-11-14 with Business & Economics categories.
In this collection of 17 articles, top scholars synthesize and analyze scholarship on this widely used tool of policy analysis, setting forth its accomplishments, difficulties, and means of implementation. Though CGE modeling does not play a prominent role in top US graduate schools, it is employed universally in the development of economic policy. This collection is particularly important because it presents a history of modeling applications and examines competing points of view. Presents coherent summaries of CGE theories that inform major model types Covers the construction of CGE databases, model solving, and computer-assisted interpretation of results Shows how CGE modeling has made a contribution to economic policy
The Cambridge Handbook Of Psychology And Economic Behaviour
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Author : Alan Lewis
language : en
Publisher: Cambridge University Press
Release Date : 2008-04-17
The Cambridge Handbook Of Psychology And Economic Behaviour written by Alan Lewis and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-04-17 with Psychology categories.
Psychologists have been observing and interpreting economic behaviour for at least fifty years, and the last decade, in particular, has seen an escalated interest in the interface between psychology and economics. The Cambridge Handbook of Psychology and Economic Behaviour is a valuable reference resource dedicated to improving our understanding of the economic mind and economic behaviour. Employing empirical methods – including laboratory experiments, field experiments, observations, questionnaires and interviews – the Handbook covers aspects of theory and method, financial and consumer behaviour, the environment and biological perspectives. With contributions from distinguished scholars from a variety of countries and backgrounds, the Handbook is an important step forward in the improvement of communications between the disciplines of psychology and economics. It will appeal to academic researchers and graduates in economic psychology and behavioural economics.
Choice Over Time
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Author : George Loewenstein
language : en
Publisher: Russell Sage Foundation
Release Date : 1992-10-27
Choice Over Time written by George Loewenstein and has been published by Russell Sage Foundation this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992-10-27 with Business & Economics categories.
Many of our most urgent national problems suggest a widespread lack of concern for the future. Alarming economic conditions, such as low national savings rates, declining corporate investment in long-term capital projects, and ballooning private and public debt are matched by such social ills as diminished educational achievement, environmental degradation, and high rates of infant mortality, crime, and teenage pregnancy. At the heart of all these troubles lies an important behavioral phenomenon: in the role of consumer, manager, voter, student, or parent, many Americans choose inferior but immediate rewards over greater long-term benefits. Choice Over Time offers a rich sampling of original research on intertemporal choice—how and why people decide between immediate and delayed consequences—from a broad range of theoretical and methodological perspectives in philosophy, political science, psychology, and economics. George Loewenstein, Jon Elster, and their distinguished colleagues review existing theories and forge new approaches to understanding significant questions: Why do people seem to "discount" future benefits? Do individuals use the same decision-making strategy in all aspects of their lives? What part is played by situational factors such as the certainty of delayed consequences? How are decisions affected by personal factors such as willpower and taste? In addressing these issues, the contributors to Choice Over Time address many social, economic, psychological, and personal time problems. Their work demonstrates the predictive power of short-term preferences in behavior as varied as addiction and phobia, the effect of prices on consumption, and the dramatic rise in debt and decline in savings. Choice Over Time provides an essential source for the most recent research and theory on intertemporal choice, offering new models for time preference patterns—and their aberrations—and presenting a diversity of potential solutions to the problem of "temporal myopia."