On Intertemporal Preferences In Continuous Time
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On Intertemporal Preferences In Continuous Time
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Author : Chi-Fu Huang
language : en
Publisher:
Release Date : 2015-08-05
On Intertemporal Preferences In Continuous Time written by Chi-Fu Huang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-08-05 with Mathematics categories.
Excerpt from On Intertemporal Preferences in Continuous Time: The Case of Certainty Different topologies on the space of certain consumption patterns in a continuous time setting are discussed. A family of topologies which give an economically reasonable sense of closeness and have an appropriate intertemporal flavor is suggested. Strictly concave time-additive utility functions are not continuous in this topology, since they yield preferences with the property that consumption at nearly adjacent dates are perfect non-substitutes. The topological duals of our suggested topologies are spaces of absolutely continuous functions whose derivatives satisfy certain "boundedness" restrictions. A utility function that is continuous in the suggested topologies and that captures an intuitively appealing notion of time complementarity of consumption is provided. 1. Introduction And Summary Consider an economic agent who lives from time= 0 to time t = 1. Suppose there is a single consumption commodity consumable at any time between zero and one. We ask the following questions: First, how might we represent the agent's consumption pattern over his lifetime? Second, if we let X denote the space of possible consumption patterns, what is an appropriate topology on X; that is, one that gives an economically reasonable sense of closeness, possessing the appropriate intertemporal flavor and that, at the same time, is relatively well-behaved mathematically? Third, what form will equilibrium prices take if they are given by a continuous and increasing linear functional? Economic and financial theorists have long known the answers to these questions. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
On Intertemporal Preferences In Continuous Time The Case Of Certainty
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Author : Chi-Fu Huang
language : en
Publisher: Franklin Classics Trade Press
Release Date : 2018-11-11
On Intertemporal Preferences In Continuous Time The Case Of Certainty written by Chi-Fu Huang and has been published by Franklin Classics Trade Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-11-11 with History categories.
This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
On Intertemporal Preferences In Continuous Time
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Author : Ayman Hindy
language : en
Publisher: Palala Press
Release Date : 2015-09-09
On Intertemporal Preferences In Continuous Time written by Ayman Hindy and has been published by Palala Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-09-09 with categories.
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
On Intertemporal Preferences In Continuous Time
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Author : Chi-Fu Huang
language : en
Publisher: Nabu Press
Release Date : 2014-02
On Intertemporal Preferences In Continuous Time written by Chi-Fu Huang and has been published by Nabu Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-02 with categories.
This is a reproduction of a book published before 1923. This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of our continuing commitment to the preservation of printed works worldwide. We appreciate your understanding of the imperfections in the preservation process, and hope you enjoy this valuable book.
On Intertemporal Preferences For Uncertain Consumption
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Author : Ayman Hindy
language : en
Publisher: Palala Press
Release Date : 2015-09-09
On Intertemporal Preferences For Uncertain Consumption written by Ayman Hindy and has been published by Palala Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-09-09 with categories.
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
On Intertemporal Preferences In Continuous Time
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Author : Ayman Hindy
language : en
Publisher:
Release Date : 1991
On Intertemporal Preferences In Continuous Time written by Ayman Hindy and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with categories.
On Intertemporal Preferences With A Continuous Time Dimension Ii
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Author : Ayman Hindy
language : en
Publisher: Palala Press
Release Date : 2015-09-09
On Intertemporal Preferences With A Continuous Time Dimension Ii written by Ayman Hindy and has been published by Palala Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-09-09 with categories.
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
On Intertemporal Preferences With A Continuous Time Dimension Ii
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Author : Ayman Hindy
language : en
Publisher: Palala Press
Release Date : 2015-09-09
On Intertemporal Preferences With A Continuous Time Dimension Ii written by Ayman Hindy and has been published by Palala Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-09-09 with categories.
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
On Intertemporal Preferences With A Continuous Time Dimension
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Author : Chi-fu Huang
language : en
Publisher:
Release Date : 1987
On Intertemporal Preferences With A Continuous Time Dimension written by Chi-fu Huang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987 with categories.
Intertemporal Time Preference On A Simplex In Continuous Time
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Author : Xihao Song
language : en
Publisher:
Release Date : 2023
Intertemporal Time Preference On A Simplex In Continuous Time written by Xihao Song and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.
This work aims to provide a representation theorem for consumption in simplex in continuous time by using a weaker axiom of 'Agree with', a strong axiom of 'Preferential Independence',[10, 9], and axioms of 'Separability' and 'Measurability' on Simplex provided by Qin and Rommeswinkel in 2022 [20]. Consistently, this work follows the spirit of Koopman's work between 1960-1972[12, 13, 14], and Epstein's work in 1983 and 2003[4, 5]. This work considers a model containing discontinuous streams (or trajectories[19]) of outcome in simplex, which is a subset of product space with empty interior. From the main result, the representation of the Expected utility function is naturally derived because it's a linear case extended by homogeneous.